Which of the following measure was suggested by the Chelliah Committee after 1990s reform to m...........

Economic Affairs Tax System

Which of the following measure was suggested by the Chelliah Committee after 1990s reform to make tax-revenue more elastic to growth of GDP?

High tax rate and narrow tax base

Higher tax rate and broad tax base

Lower tax rate and narrow tax base

Lower tax rate and broad tax base

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Explanation:

In 1991, the Government set up the Tax Reforms Committee under the Chairmanship of Raja J. Chelliah to examine the then tax structure of the country and suggest appropriate changes therein. In its report submitted to the Government in January 1993, it has made several recommendations for reforming India’s tax structure.