Economics · Tax Reforms in India
Which of the following was NOT a recommendation made by the Vijay Kelkar Task Force (2002) on direct taxes in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Extension of PAN coverage to all economic agents and citizens
- 2Reduction in corporate tax rate to 40 percent for domestic companies✓
- 3Abolition of standard deduction for salaried taxpayers
- 4Elimination of the Minimum Alternate Tax (MAT) on corporate entities
Correct answer
Reduction in corporate tax rate to 40 percent for domestic companies
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