In 1991, the Government setup the Tax Reforms Committee under the chairmanship of Raja J. Chelliah to examine the existing tax structure and suggest measures to simplify it.
The committee submitted its report in parts. The first draft was submitted in 1991, followed by other drafts in 1992 and 1993. The Committee suggested that the tax system of the country and laws relating to the taxes should be made as simple as possible.
Important Recommendations
Lowering tax rate and widening spread: Tax rate be reduced to avoid evasion. There is also the need to narrow the spread between the lowest ....
