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​The Committee which has recommended abolition of Tax Rebates under Section 88 of Income Tax Act of India, is :
Question


The Committee which has recommended abolition of Tax Rebates under Section 88 of Income Tax Act of India, is :


A.

Chelliah Committee


B.

Kelkar Committee


C.

Shome Committee


D.

Rangarajan Committee

Correct option is B

  • The Task Force on Direct Taxes under the chairmanship of Dr. Vijay L. Kelkar made recommendations for elimination of tax incentives under Section 88, 80L and interest income under Section 10 of the Income Tax Act. 

  • This Task Force presented its final report in December, 2002.

​​

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