Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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		 Published on</span><span class="text-date"> Apr 27, 2020</span>
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                            <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such &lsquo;ill-conceived views&rsquo; in public.</em></p><p style="text-align:justify">The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it &ldquo;an act of indiscipline&rdquo;, NDTV reported.</p><p style="text-align:justify">In a 44-page report titled FORCE, or Fiscal Options and Response to Covid-19 Epidemic, officials who refer to themselves as &ldquo;Team Force&rdquo; made a series of suggestions for revenue generation. This includes increasing tax on the super rich to 40% from the present 30% and imposing higher tax on foreign companies.</p><p style="text-align:justify">&ldquo;The estimate for gross tax revenue for 2019-2020 was revised lower to amount Rs 21.6 lakh from Rs 24.6 lakh crore announced in the previous budget,&rdquo; the report said. &ldquo;Even for the upcoming financial year 2020-&rsquo;21, there is a target of 12% increase in the gross tax revenue at Rs 24.2 lakh crore. However, the slowdown in economy coupled with Covid-19 will dent the revenue collections especially in direct taxes.&rdquo;</p><p style="text-align:justify">Please <a href="https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg" title="https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such &lsquo;ill-conceived views&rsquo; in public.</em></p><p style="text-align:justify">The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it &ldquo;an act of indiscipline&rdquo;, NDTV reported.</p><p style="text-align:justify">In a 44-page report titled FORCE, or Fiscal Options and Response to Covid-19 Epidemic, officials who refer to themselves as &ldquo;Team Force&rdquo; made a series of suggestions for revenue generation. This includes increasing tax on the super rich to 40% from the present 30% and imposing higher tax on foreign companies.</p><p style="text-align:justify">&ldquo;The estimate for gross tax revenue for 2019-2020 was revised lower to amount Rs 21.6 lakh from Rs 24.6 lakh crore announced in the previous budget,&rdquo; the report said. &ldquo;Even for the upcoming financial year 2020-&rsquo;21, there is a target of 12% increase in the gross tax revenue at Rs 24.2 lakh crore. However, the slowdown in economy coupled with Covid-19 will dent the revenue collections especially in direct taxes.&rdquo;</p><p style="text-align:justify">Please <a href="https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg" title="https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such &lsquo;ill-conceived views&rsquo; in public.</em></p><p style="text-align:justify">The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it &ldquo;an act of indiscipline&rdquo;, NDTV reported.</p><p style="text-align:justify">In a 44-page report titled FORCE, or Fiscal Options and Response to Covid-19 Epidemic, officials who refer to themselves as &ldquo;Team Force&rdquo; made a series of suggestions for revenue generation. This includes increasing tax on the super rich to 40% from the present 30% and imposing higher tax on foreign companies.</p><p style="text-align:justify">&ldquo;The estimate for gross tax revenue for 2019-2020 was revised lower to amount Rs 21.6 lakh from Rs 24.6 lakh crore announced in the previous budget,&rdquo; the report said. &ldquo;Even for the upcoming financial year 2020-&rsquo;21, there is a target of 12% increase in the gross tax revenue at Rs 24.2 lakh crore. However, the slowdown in economy coupled with Covid-19 will dent the revenue collections especially in direct taxes.&rdquo;</p><p style="text-align:justify">Please <a href="https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg" title="https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg">click here</a> to read more.</p>                                                           
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Home हिन्दी

Covid-19: Centre rejects IRS’ proposal of taxing the super rich, calls it an ‘act of indiscipline’

Published on Apr 27, 2020   Modified on Apr 28, 2020

-Scroll.in The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such ‘ill-conceived views’ in public. The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it “an act of indiscipline”, NDTV reported. In a 44-page report titled FORCE, or Fiscal Options and Response to Covid-19 Epidemic, officials who refer to themselves as “Team Force” made a series of suggestions for revenue generation. This includes increasing tax on the super rich to 40% from the present 30% and imposing higher tax on foreign companies. “The estimate for gross tax revenue for 2019-2020 was revised lower to amount Rs 21.6 lakh from Rs 24.6 lakh crore announced in the previous budget,” the report said. “Even for the upcoming financial year 2020-’21, there is a target of 12% increase in the gross tax revenue at Rs 24.2 lakh crore. However, the slowdown in economy coupled with Covid-19 will dent the revenue collections especially in direct taxes.” Please click here to read more.

Scroll.in, 27 April, 2020, https://scroll.in/latest/960301/covid-19-centre-rejects-irs-proposal-of-taxing-the-super-rich-calls-it-an-act-of-indiscipline?fbclid=IwAR09cfciRI8w1TzHiknQVJprFyhM1nmPOoa00eiJMmJnd3t6KUC_mbofIgg

Tagged with: Covid-19 Coronavirus Tax Revenue Tax Collection Big Corporates CBDT Pandemic Indian Revenue Service Central Board of Direct Taxes Super Rich High Net Worth Individuals

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