Public Perception And Awareness Of Taxation Policies In Delhi: A Qualitative Analysis Of Investor Perspectives

Abstract

This study investigates how investors in Delhi see and understand the taxes regulations by analyzing the qualitative responses received from 25 semi-structured interviews. The major aim of this study is to understand how major tax rules, such the Goods and Services Tax (GST) and income tax, affect investor compliance and investment decisions. Thematic analysis has helped bring to light several overarching themes. Levels of awareness, perceptions of effectiveness and fairness, challenges to compliance, and suggestions for policy modifications are all part of this category. While most people have a good grasp of the big picture when it comes to taxes in general, studies have shown that specific taxes like property and capital gains are less well known. Many criticisms were made on the effectiveness and fairness of the system, with major worries about the complicated tax rules and the high costs of complying. Simplifying tax procedures, improving taxpayer education, and establishing stable and predictable tax policies are all critical, according to the report. The results also showed that people were more likely to pay their taxes if they had faith in the tax administration and thought that paying taxes would benefit them. In order to promote economic growth in Delhi and other Indian metropolitan centers, the essay concludes with suggestions that lawmakers may implement to create a more favorable tax environment that promotes compliance and supports investment.