Question

Kelkar Committee report is related to _______.

• A. tax reforms
• B. financial sector reforms
• C. trade reforms
• D. administrative reforms

Answer 1

Answer: (A)

tax reforms

Impetus to direct tax reforms in India came with the recommendations of the Task Force on Direct & Indirect Taxes under the chairmanship of Vijay Kelkar in 2002. 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.