Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelkar in the year 2002?

(b) National Stock Exchange started its operations in the year 1994. It commenced ‘trading in future‘ and options market on 12 June, ‘2000′.

(a) Task 1 can not be assigned to either person 1 or 2 i.e. there are 4 options. Task 2 can be assigned to 3 or 4 So, there are only 2 options...

In the case of proportional tax, the equilibrium income would be Y = C + c (1 - t) Y + I + G + X - M – mY => Y...

(b) The Vijay Kelkar Committee on Direct Taxes first submitted its report in year 2003.

(c) Infosys technologies is second.

(d) The trade deficit fell from 2000-01 to 2002-03.

(d) The Administrative Reforms Commission or ARC is the committee appointed by the Government of India for giving recommendations for reviewing the public administration system of India. The first ARC...

(d) Wealth tax and Income tax

A tax is a legally compulsory payment imposed by the government. The main differences between direct tax and indirect tax are as follows: (i) Final Burden: Direct taxes are those...

(i) It is direct tax as its impact and incidence is on the same person. (ii) It is indirect tax as its impact and incidence are on different persons. (iii) It is...