Question

The recommendation of kelkar task force is associated with

Answer 1

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. Its key recommendations were as follows:

Contents

Administration of Direct Tax

Personal income tax

Corporation Tax

Wealth Tax

Administration of Direct Tax

The taxpayer services should be extended both in quality and quantity and taxpayers should get easy access through internet and email.

Answer 2

in the month of the September 2002, two task forces were set up under the chairmanship of Vijay Kelkar and advisor to the ministry of finance and company affairs to recommend measure for the simplification and other rationalization of the direct as well as the indirect taxes. Task forces to handover submitted their final report to government in the month of the December 2002.