SSC Economics Sample Paper NCERT Sample Paper-4

  • question_answer
    Who is the chairman of the recently created Tax Policy Council (TPC) in India?

    A)  Union Finance Minister

    B)  Secretary of Department of Financial Services

    C)  Secretary of Department of Economic Affairs

    D)  Chairman of Central Board of Direct Taxes (CBDT)

    Correct Answer: A

    Solution :

    [a] To bring consistency in taxation policy, Finance Ministry has set up two committees - one under Finance Minister and other under Revenue Secretary. While the Tax Policy Council (TPC) under the Finance Minister will take important policy decisions, the Tax Policy Research Unit (TPRU) under Revenue Secretary will be a multi -disciplinary body. The two committees would start functioning from April 1, 2016.

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