CUET Preparation Today
| What impact of "Tax reforms" was seen in the year 1991, when New Economic Policy was introduced? |
Corporate tax was increased Tax system became complex but efficient Both 1 and 2 None of the above |
| None of the above |
| The rate of corporation tax, which was very high earlier, was gradually reduced and efforts were made to simplify the taxation system so that better compliance on the part of taxpayers could be seen. |
