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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)

Part of solved Industries and Infrastructure questions and answers : General Knowledge >> Economy >> Industries and Infrastructure

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