Question
Which one of the following committees was constituted in
the year 1991 for reforms in the tax structure in India?Solution
The Chelliah Committee was set up in 1991 to suggest reforms in the Indian tax system and improve the efficiency of tax administration. • Some of the major tax reforms recommended by the TRC were: • Lowering marginal tax rates • Broadening the tax base • Reforms in tax administration • Simplifying the tax structure • Enforcing indirect and direct taxesÂ
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LT6, KU12, IW24, FZ48, ____ - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
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RGV, UME, ?, AYW, DEF
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