#COVIDー19 Outbreak | IRS Officers body prepares strategy note F.O.R.C.E to mobilise revenue, revive economy, suggests raising highest slab rate to 40% for income above a minimum threshold of Rs 1 cr or re-introduction of wealth tax for those with net wealth of Rs 5 cr or more 
IRS Officers body suggests an addl one-time cess of 4% in cases where the taxable income is greater than Rs 10 lk. Also companies undertaking COVID relief activities should be given tax incentive u/section 37 for FY21
IRS Officers body says companies can be allowed to contribute a portion of unspent CSR funds till FY20 to PM-CARES fund. A co can use 25% of unspent CSR for biz if 75% contributed to PM-CARES before June 30
IRS Officers body suggest new tax saving scheme like COVID Savings Certificates (Like NSC) to mobilise more funds. And under this, can give addl deduction for investment made in new COVID Fund upto Rs 2.5 lakh under 80C
