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LATEST NEWS UPDATES | It’s time to give IRS officers their due -TCA Ramanujam

It’s time to give IRS officers their due -TCA Ramanujam

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published Published on May 14, 2020   modified Modified on May 14, 2020

-The Hindu

Despite being specialists, they are relegated to the margins

The Central Board of Direct Taxation (CBDT), a wing of the Ministry of Finance, has initiated disciplinary proceedings against some Indian Revenue Service (IRS) officers for a report they submitted to the government recently. The officers are not corrupt, nor did they abuse any Minister or any functionary of the government. So, what was their crime?

A group of 50 IRS officers thought it their duty to help the government in this hour of crisis. They prepared a report titled ‘Fiscal Options and Response to Covid-19 Epidemic’, or FORCE, and submitted it to the government. The IRS Association’s Twitter handle and website carried the report. In order to tide over the financial crisis, the report suggested raising the highest slab rate to 40% for income above 1 crore or re-introducing the wealth tax for those with wealth of 5 crore or more; providing an additional one-time cess of 4% on taxable income of 10 lakh and above for COVID-19 relief; providing tax relief for sectors hit hard by COVID-19; and re-introducing the inheritance tax.

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The Hindu, 14 May, 2020, https://www.thehindu.com/opinion/op-ed/its-time-to-give-irs-officers-their-due/article31576668.ece?homepage=true


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