India
oi-Ajay Joseph Raj P
New Delhi, Mar 24: Members from various political parties on Wednesday asked the government to reduce central taxes on petrol and diesel and give relief to the common man.
Participating in a discussion on the Finance Bill 2021 in the Rajya Sabha, Biju Janata Dal member Sujeet Kumar said the 10-fold increase in cess and surcharge by the Centre in the last couple of years is against the structure of cooperative federalism.
“Increase in cess and surcharge which has increased 10-fold in last couple of years which is not in the spirit of cooperative federalism. In fact, it is a direct assault on federal structure of the country,” Kumar said.
While he appreciated Budget proposals on relaxation of time limit in reopening of income tax assessment from six years to three and hike in threshold for audit from Rs 5 crore to Rs 10 crore for business entities having 95 per cent business…