Parthasarathi Shome panel for tax administration reform set up
In a bid to bring more credibility among tax payers and to streamline income tax procedures, the Union Government has set up a Tax Administration Reform Commission (TARC) comprising officials from public and private sector agencies.
About Tax Administration Reform Commission (TARC)
Chairman: Dr. Parthasarathi Shome.
Focus: On the rules and features and structural reforms in tax administration.
Members: Former chairmen of two tax boards, Former Chief Financial Officer from IT service provider Tata Consultancy Services and an Ex-Vice President for Taxation from the Murugappa Group.
Purpose: To bring in more transparency in the tax department and in the collection of taxes as a certain amount of “distrust” emerged between the tax department and the tax payers.