Question

Consider the following statements with respect to taxation in India :

1. India has higher taxpayers to voter ratio as compared to OECD economies.
2. R.V. Easwar committee was setup to reform GST systems.
3. 'Transparent taxation Honoring the Honest' aims to honor honest taxpayers.

Select the correct statement/s from above :

• A. All 1 , 2 and 3
• B. 1 and 2 only
• C. 2 and 3 only
• D. 3 only

Answer 1

The correct option is D 3 only

According to 2016-17 Economic Survey for every 1,000 voters, there are only seven taxpayers,very much lower than the OECD countries.

The Government of India in 2015 constituted R V Easwar Committee with a view to simplify the provisions of the Income Tax Act, 1961 and not GST.

“Transparent Taxation – Honoring the Honest” platform laid out the next phase of reforms of the direct taxes which is aimed at easing the tax compliance and also rewarding honest taxpayers