What are the tax reforms under NEP 1991?

The marginal tax rate was brought down to 40% in the tax reforms of 1991. Lowering marginal tax rates, broadening the tax base, reforms in tax administration, simplifying the tax structure, enforcing indirect and direct taxes were some of the major tax reforms recommended in the Tax Administration Reforms Commission of 1991. You can read about the Tax Administration Reform Commission (TARC) – Mandate, Report, Recommendations in the given link.

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