After 1991 the Central Government implemented various far reaching reforms in the area of taxation T...........

Indian Economy (Easy) Growth and development

After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the:

Wanchoo Committee

Rajah Chelliah Committee

Raj Committee

Narsimhan Committee

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Explanation:

The Government appointed a Tax Reforms Committee under Prof Raja Chelliah to lay out the agenda for reforming India’s tax system.
The tax reforms that began with the Chelliah Committee recommendations are still going on. Later on, government-appointed the Vijay Kelkar Committee in 2002 which further provided direction to the tax reforms in the country. Below is the crisp summary of tax changes made in India since 1991