Corruption News

Centre Rushes in to Junk IRS Officers' Report Proposing Wealth Tax; CBDT Orders Inquiry

0



The Union government on Sunday rushed in to junk a report by 50 Internal Revenue Service (IRS) officers that proposed increasing the tax burden on the rich, bringing in a wealth tax and charging an additional 4 per cent ‘Covid Relief Cess’ to meet its revenue shortfall and contain the outbreak.

In its response, the Centre said termed the IRS officers’ tax increase report “irresponsible”. The Department of Revenue in the Finance Ministry has now sought an explanation for what the government has termed as “misconduct” by these officers.

Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!

India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.

Stay tuned for latest updates and in-depth analysis of news from India and around the world!

Follow us: Official website: https://www.indiatoday.in/

Twitter: https://twitter.com/IndiaToday

Facebook: https://www.facebook.com/IndiaToday

source

Leave A Reply

Your email address will not be published.