Which of the following is not one of the objectives of the tax reforms in India ?
Tax reform sought fewer customs-rate bands, better compliance and a wider base. Increasing the share of indirect taxes was not the general reform objective, especially given…
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Which of the following is not one of the objectives of the tax reforms in India ?
Answer and explanation
Correct answer D
Tax reform sought fewer customs-rate bands, better compliance and a wider base. Increasing the share of indirect taxes was not the general reform objective, especially given the aim of improving the direct-tax contribution and reducing distortions. Thus the proposed increase in indirect-tax share is the exception.
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UGC NET Economics