Shares the Knowledge !


Union Cabinet approved Setting up of Tax Administration Reform Commission



The Union Cabinet on 13 August 2013 approved the proposal for setting up of the Tax Administration Reform Commission (TARC) to remove ambiguity and establish a stable and non-adversarial tax administration.

About the commission:

• The Commission will consist of a Chairman, two full time members and four part-time members, of which at least two part-time members will be from the private sector.

• The Chairman will be an eminent person having wide experience of tax administration and policy making. The two full-time members will be with a background in revenue service pertaining to Income Tax and Central Excise and Customs respectively. The term of the Commission will be 18 months.

• The Commission will review the application of tax policies and tax laws in India in the context of global best practices and recommend measures to strengthen the capacity of the tax system in India that would reflect best global practices.

• The Commission will help in removing ambiguity in application of tax policy and tax laws, thereby establishing a stable tax regime and a non-adversarial tax administration.

• The Commission will facilitate an efficient tax administrative system that would enhance the tax base as well as tax payer base.


Share:

0 comments:

Post a Comment

Upsc - Civils Preparation

Exam Strategy
Tips and Tricks
Preparation and Guidance
Optional Subjects - Preparation
Optional Subjects - Guidance
Many more >>

Bank Exams Preparation

Bank, Currency, Money, RBI,
Budget, Planning, Stock Exchange
Insurance, Taxation, International Organizations
Economic Issues, Fiscal Policy, Committee or Commissions
Many more >>

Computer Knowledge

History, Generations, Terminology
Hardware, Software, Internet
Networks, Shortcut Keys
Many more >>

Interview Preparation

General Do's and Don'ts in Interview
Entry and Dressing up
How to prepare?, Qualities judged
Many more >>