UPSC 2004 › Indian Economy › Taxation

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UPSC 2004 · Q36 · Indian Economy › Taxation · Save

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?

(a) Abolition of Wealth Tax
(b) Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows
(c) Elimination of standard deduction
(d) Exemption from tax on dividends and capital gains from the listed equity
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Answer: (b) Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows