Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

What are the major tax reforms in India?

The Tax Reforms Commission (TRC) gave many recommendations for tax reforms in India. The final report of this commission had 3 different parts for tax reforms. You can read about the Tax Administration Reform Commission – TARC. Mandate, Report, Recommendations in the given 

link.

Enforcement of indirect and direct taxes, reforms in administration was one of the recommendations. TRC wanted to simplify the tax structure, reduce rate differentiation, lower marginal tax rates, and broaden the base.

Further readings:

  1. Tax Policy Council & Tax Policy Research Unit: Notes for UPSC
  2. Taxation in India – Direct taxes & Indirect Taxes, Features of Taxation System

Related Links

Taxation System in India – Types, GST, VAT, Objectives, Limitation, Laffer Curve

Direct Tax Code (DTC) – Implementation, Objectives, Pros & Cons

CBDT – Central Board of Direct Taxes: Functions and Structure

Double Taxation Avoidance Agreements (DTAA) – Countries Involved, Income Tax Provisions

Central Board of Indirect Taxes & Customs (CBIC) – Functions 

Global Corporate Tax and India: RSTV- Big Picture

Tobin Tax – Definition, Evaluation and Relevant Questions

Carbon Tax – Meaning and an Overview [UPSC Notes]

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*