A report by a group of 50 young officers of the Indian Revenue Service (IRS) on enabling smooth recovery of the Indian economy from the coronavirus (Covid-19) disease shock has courted controversy with the finance ministry distancing itself from these recommendations and initiating inquiry into the matter. The report suggested a hike in the tax slab for the super rich, a Covid cess, an amnesty scheme for undisputed tax demands, and reintroduction of the inheritance tax. In a note called F.
O. R. C. E. (Fiscal Options & Response to Covid-19 Epidemic), the group has also ...
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First Published: Sun, April 26 2020. 18:27 IST
