Part 1: A Study of the Indian Tax System
From the printing press to the digital revolution,
humankind has been inclined to innovate first and plan later.
It goes without saying that in the modern world, technology
develops faster than the law. Cell-phones and high-tech computers
are common examples of technologies that have grown beyond their
support structure.
Technical advances sometimes outstrip the development of
legal systems and often force basic principles to be reexamined.
Advances in the fields of information technology,
biotechnology, e-commerce, and out- sourcing, for example, have
recently created a host of celebrated legal confusions and debates.
This article outlines the main issues in the international taxation
of e-commerce transactions with a particular emphasis on India.
