Government cannot even tolerate the idea of increasing the tax of "well-to-do" persons.

At a time when the government has launched an attack on the Central government employees and pensioners, by 'snatching away' their DA increase for one and half years, another interesting development has taken place. Some 50 young IRS (Indian Revenue Service) officers have gave a suggestion to the government, about ways and means for mobilising money, to fight the Corona Virus crisis. In their suggestion, the young officers have given the following 3 suggestions :-

(1) To raise the Income Tax from 30% to 40%, in respect of those with income above Rs.1 crore.

(2) Levy wealth tax on those with over Rs.5 crore annual income. 

(3) Levy “ a COVID Relief Cess" of 4%, on those with taxable income of more than Rs.10 lakh. 

What is wrong in giving such suggestions? The Finance Ministry has directed the Central Board of Direct Taxes (CBDT) Chairman, P.C.Mody, to seek explanation from these officers for writing such ‘ill-conceived views’ in public, without having any authority to do so. The Finance Ministry has observed that it was not part of their duty to prepare such a report. The government cannot even tolerate the idea of increasing the tax of "well-to-do" persons. 

[Source: News18.com, dated 26.04. 2020]