Income Tax Department. Image used for representational purpose only.
Prepared by a group of young officers of the Indian Revenue Service, under the guidance of a few senior officers, a 44-page paper titled “FORCE”—Fiscal Options & Response to Covid-19 Epidemic—was released by the Indian Revenue Service Association two days ago. It recommended various measures to the Central Board of Direct Taxes for, inter alia, revenue mobilisation by increasing tax rates or introducing new taxes on the rich, as also...