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Q87 (IAS/2003) Economy › Government Finance & Budget › Taxation principles Answer Verified

The Kelkar proposals which were in the news recently were the

Result
Your answer: —  ·  Correct: B
Explanation

The “Kelkar proposals” refer to the task forces on direct and indirect taxes chaired by Dr. Vijay L. Kelkar that were constituted in 2002 to recommend simplification and rationalisation of the tax system. These groups submitted reports in December 2002 with detailed measures for direct taxes (e.g., raising exemption limits, rationalising exemptions, reviewing wealth tax and long‑term capital gains treatment) and for indirect taxes (widening the tax base and reducing compliance costs) [2]. Contemporary commentary and critiques also identify these Kelkar reports specifically as tax‑reform recommendations rather than guidelines on power sector reform, privatisation, or vehicular pollution control [3].

Sources

  1. [1] https://www.indiabudget.gov.in/budget_archive/es2002-03/chapt2003/chap29.pdf
  2. [2] https://kingcenter.stanford.edu/sites/g/files/sbiybj16611/files/media/file/190wp_0.pdf
  3. [3] https://cpim.org/kelkar-committees-recommendations/
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SIMILAR QUESTIONS

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