Tax officers suggested 40% tax on super rich, COVID-19 cases

Tax officers suggested 40% tax on super rich, COVID-19 cases: The pandemic is completely upsetting the fiscal balance, a group of taxmen has suggested hiking the tax on the super rich; introducing a Covid cess and Covid Saving Certificates; raising an equalisation levy; and initiating a ‘Give It Up’-type campaign for tax concession, among measures to mobilise resources.

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