GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which committee was constituted for reforms in tax structure?
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Narsimham Committee
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Chelliaha Committee
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Gadgil Committee
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Kelker Committee
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Explanation:
Detailed explanation-1: -Kelkar Committee: It was formed in India to study and evaluate the extant public-private partnership (PPP) model in India. The committee was set up by India’s central government and headed by Vijay Kelkar.
Detailed explanation-2: -Kelkar Committee Report on Tax Reforms.
Detailed explanation-3: -The main recommendations of this task force related to the direct taxes related to increasing the income tax exemption limit, rationalization of exemptions, abolition of long term capital gains tax, abolition of wealth tax etc.
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