Consider the following statements with respect to newly formed ‘Tax Policy Research Unit’:

  1. The unit will assist Tax Policy Council chaired by Finance Secretary.
  2. It will be headed by an officer of level of Chief Commissioner, who will report to Finance Minister.

Which of the above statements is/are correct?

Answer: [D] Neither 1 nor 2

First statement is incorrect because the unit will assist Tax Policy Council chaired by Finance Minister. Second statement is incorrect because the unit will be headed by an officer of the level of Chief Commissioner at functional level alternatively from CBDT and CBEC for a fixed tenure, who will directly report to Revenue Secretary.

This question is a part of GKToday's Integrated IAS General Studies Module