Thursday 13 August 2020

PM Modi unveils ‘fundamental reforms’ for taxpayers

PM Modi has launched taxation reforms. Faceless assessment, taxpayer charter starts from today, faceless appeal to begin from Sep 25. Stay tuned for live updates on latest news
Narendra Modi
Prime Minister Narendra Modi has launched a new platform, ‘Transparent Taxation Honouring the Honest’, aimed to carry forward the journey of direct tax reforms. The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws. Several initiatives have been taken by the Central Board of Direct Taxes (CBDT) to bring efficiency and transparency in the functioning of the Income Tax (IT) department, according to officials.
Stay tuned for the latest news of the day

Taxpayer must pay tax because that is how system works, says PM Modi

Taxpayer charter comes with responsibilities for taxpayers too. The taxpayer must pay tax because that is how the system works, says Prime Minister Narendra Modi…

Key highlights of PM Modi’s speech

Faceless assessment, faceless appeal and taxpayer charter part of new platform ‘Transparent Taxation – Honoring the Honest’
Policy-driven governance minimises grey areas, cutting discretion,
Faceless assessment, taxpayer charter starts from today, faceless appeal to begin from Sep 25
Fundamental reforms were needed in Indian tax systemEffort is to make tax system seamless,
painless and faceless
India among nations with lowest corporate tax


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