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Centre rejects report by IRS officials suggesting Income Tax hike, calls it ill conceived

Centre rejects report by IRS officials suggesting Income Tax hike, calls it ill conceived

Apr 27, 2020, at 12:01 am

New Delhi/ IBNS: The Centre has rejected a report prepared by a group of IRS officers that suggested a 40 per cent hike in the income tax rate, a 4 per cent Covid-19 relief cess and imposing a super-rich tax, finance ministry officials have said, reported media.