Key Proposals
The Committee subsequently published 5 discussion papers:
- The Core Provisions of the Income Tax Act 1976 (Core Provisions Paper)
- The Taxation of Distributions from Companies (Company Distribution Paper)
- Tax Accounting Issues
- Key Reforms to the Scheme of Tax Legislation (Key Reforms Paper)
- Operational Aspects of the Accrual Rules
In addition the Committee separately reported to government on the reform of the tax depreciation rules.
Read more about this topic: Valabh Committee
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