Which of the following has been recommended by Kelkar Committee?

A) Introduction of a two rate personal income tax schedule - 20% up to an income
of Rs.4 lakh and 30% for income exceeding Rs.4 lakh.


B) The general rate of depreciation for plant and machinery to be reduced to 15%
from the existing level of 25%.


C) Both (a) and (b)

D) None of the above

Correct answer:
C) Both (a) and (b)



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