Q.3) Examine the evolution of the tax system in India and assess the contribution of the reports of the Tax Reforms Commission in improving India’s tax system through its various recommendations. (10 Marks)

“Mentor’s Comments” https://www.financialexpress.com/opinion/trc-gave-direction-to-indias-tax-reforms/2284549/ In the intro, mention that in 1973-74 the personal income tax structure had 11 brackets with the highest rate as 22%. In the body, mention the changes adopted in India’s tax system, especially after 1991 reforms and how these changes were based on the TRC’s various recommendations. Conclude by mentioning that tax … Continue reading Q.3) Examine the evolution of the tax system in India and assess the contribution of the reports of the Tax Reforms Commission in improving India’s tax system through its various recommendations. (10 Marks)