Q: 36 (IAS/2004)
question_subject:
Economics
question_exam:
IAS
stats:
0,26,113,49,26,22,42
keywords:
{'direct taxes': [0, 0, 1, 0], 'exemption': [0, 0, 1, 1], 'tax': [0, 0, 0, 1], 'exemption limit': [0, 0, 1, 0], 'wealth tax': [0, 0, 2, 1], 'lakh': [2, 1, 2, 7], 'standard deduction': [0, 0, 1, 0], 'personal income': [0, 0, 1, 3], 'rs': [0, 0, 9, 3], 'chairmanship': [0, 0, 0, 1], 'capital gains': [0, 0, 0, 1], 'elimination': [0, 0, 2, 2], 'task force': [0, 0, 0, 1]}
The correct answer is "Increase in the exemption limit of personal income to Rs 1.20 lakh for widows." This is not a recommendation of the task force on direct taxes under the chairmanship of Dr Vijay L. Kelkar in 2002.