A group of senior tax officers has suggested a super-rich tax and a higher levy on foreign companies to keep the cash till running as part of short term measures to help the government fight the coronavirus pandemic.

Tax officers suggest 40% tax on super-rich, higher levy on foreign companies to fund COVID-19 fight

Days before April 18 Lok Sabha polls in Tamil Nadu, Election Commission (EC) sources in New Delhi on Monday said Income Tax (I-T) officials had seized Rs 11.53 crore cash from a cement godown in Tamil Nadu, during the intervening night of 29-30 March.

Tax officials seize Rs 11.53 crore cash from Tamil Nadu warehouse ahead of polls

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Tax officers suggest 40% tax on super-rich, higher levy on foreign companies to fund COVID-19 fight

Tax officials seize Rs 11.53 crore cash from Tamil Nadu warehouse ahead of polls