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UPSC 2004: Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelkar in the year 2002?
(a)Abolition of Wealth Tax
(b)Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows
(c)Elimination of standard deduction
(d)Exemption from tax on dividends and capital gains from the listed equity
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Not attemptedCorrect Answer: (b) Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows
The Kelkar Direct-Tax Task Force proposed abolition of Wealth Tax, elimination of the standard deduction, and removal of dividend and long-term capital-gains tax on listed equity. It did not specifically recommend raising the personal-income exemption for widows to Rs 1.20 lakh, making option (b) the non-recommendation. ([yourarticlelibrary.com](https://www.yourarticlelibrary.com/economics/taxation/main-recommendations-of-kelkers-task-force-2002-on-direct-and-indirect-taxes/40225?utm_source=openai))
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What is the correct answer to this UPSC 2004 Indian Economy question?▼
The correct answer is option (b): Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Taxation question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2004, GS Paper 1, as Question 36. It falls under Indian Economy > Taxation.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Taxation?▼
UPSC has asked 19 questions from Taxation (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.