Which amongst the following is not a recommendation observation by Parthasarthy Shome Committee ........

Economic Affairs Tax System

Download Solution PDF

Which amongst the following is not a recommendation/ observation by Parthasarthy Shome Committee?

Reintroduce Fringe Benefit Tax to widen tax base

Re-impose Banking cash transaction tax to check Black Money.

Suggested that the government restart tax amnesty schemes.

Suggested that the government could tax farmers with annual income higher than a defined threshold

छोटे Courses बड़े Results

Master Tax System

Prepare through Micro-courses

Try Now

Explanation:

The Parthasarathy Shome panel was formed by PM of India in 2012, for drawing up the final guidelines on GAAR and mainly to bring about tax clarity and address the concerns of foreign investors. Instead of only FIIs, the panel was asked also to look into issues pertaining to all non-resident tax payers.