TaxTMI 
TaxTMI 
TaxTMI 
Recommendations made by the Shome Committee/Tax Administration Refroms Commission
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....ecommendations made by the Shome Committee/Tax Administration Refroms Commission <br>News and Press Release<br>Dated:- 27-2-2015<br><BR>The Tax Administration Reforms Commission (TARC) has analysed al....
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....l aspects of tax administration reform in their four reports. The objective is to get all stakeholders-both tax payers and tax officers to operate in ways that promote overall goals of efficiency and ....
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....equity in tax-collection by facilitating taxpayers with a customer focus, while at the same time, segmenting taxpayers to reduce tax evasion. TARC recommendations comprise many immediate needed reform....
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.... measures as well as long term structural reforms. The Shome Committee/TARC has pitched for taxing large farmers with incomes above ₹ 50 lakh a year. The reason for this recommendation as gi....
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....ven by TARC is that this will broaden the tax payer base and help mobilize additional revenue without affecting any but a miniscule proportion of the very large farmers whose annual income exceeds the....
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.... threshold limit of ₹ 50 lakhs. Currently, the recommendations of the TARC are under examination of the Government. This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finan....
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....ce in written reply to a question in the Lok Sabha today.<BR> News - Press release - PIB....