GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which committee recommended abolition of tax rebates under Section 88?
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Chelliah Committee
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Kelkar Committee
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Shome Committee
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None of these
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Explanation:
Detailed explanation-1: -The correct answer is Kelkar Committee. The committee which has recommended the abolition of Tax Rebates under Section-88 of the Income Tax Act of India, is Kelkar Committee.
Detailed explanation-2: -Explanation: Kelkar Committee Report is associated with Revisiting and Revitalizing the PPP model of Infrastructure Development. The committee submitted its report to the Finance Ministry in November 2015.
Detailed explanation-3: -The Vijay Kelkar Committee report on reform of direct taxes has been filed with the Government. Salient Features: Some of the salient features of the recommendations are: (i) Abolition of standard deduction under s.
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