Parasarathi Shome led TARC submits report

Q.  TARC headed by Shome has submitted its report. What does TARC stand for?
- Published on 11 May 16

a. Tax Administration Renewal Committee
b. Tax Administration Reforms Commission
c. Tax Administration Reforms Council
d. Tax Administration Reforms Committee

ANSWER: Tax Administration Reforms Commission
 
The Tax Administration Reforms Commission (TARC) headed by Dr. Parthasarathi Shome submitted its report in four volumes containing a total of 385 recommendations that pertain to Central Board of Direct Taxes (CBDT) and 201 recommendations that pertain to Central Board of Excise and Customs (CBEC).
  • The broad recommendations inter-alia include changes in structure, improvement in taxpayers service, enhanced use of information and Communication Technology, exchange of information with other agencies, strengthening of human resource management, Key Internal Processes, Customs Capacity Building, Impact assessment, Expansion of Base, Compliance Management, Revenue Forecasting, Predictive Analysis and Research for tax Governance etc.
  • Two new bodies namely Tax Policy Council (TPC) and Tax Policy Research Unit (TPRU) have been set up for making recommendations on tax policies and other policy matters.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲