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Government sets-up Tax Policy Research Unit and Tax Policy Council to bring consistency multidisciplinary inputs and coherence in Tax Policy

News and Press Release - Dated:- 2-2-2016 - The Tax Administration Reform Commission (TARC) have in their First Report, identified handling of tax policy and related legislation as one of the areas which needs structural modifications. Observing that currently, this is handled in the two Boards i.e. CBDT and CBEC, independently in the Tax Research Unit (TRU) and Tax Policy and Legislation (TPL) wings, the proposals of the Boards reach the Finance Minister in separate channels. To bring consisten .....

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ch Unit (TPRU) and Tax Policy Council. Details are given below. TAX POLICY RESEARCH UNIT (TPRU) The Tax Policy Research Unit (TPRU) will be a multi disciplinary body with the following objectives:- (i) Carry-out studies on various topics of fiscal and tax policies referred to it by CBDT and CBEC and will provide independent analysis on such topics; (ii) Will also prepare and disseminate policy papers and background papers on various tax policy issues; (iii) Will assist Tax Policy Council chaired .....

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ely economic impact (positive or negative) through the proposal (other than the effect on tax collection) Tax Policy Research Unit (TPRU) shall comprise of officers from both the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) as well as economists, statisticians, operational researchers, legal experts. Member (L&V), CBDT and Member (Budget), CBEC will be the link officer between TPRU and CBDT and CBEC. The unit will be headed by an officer of the level of .....

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