Transparent Taxation: Tax System Becomes Faceless

Transparent Taxation: Tax system becomes faceless, taxpayer charter will protect the rights of taxpayers. The economy is badly affected by the Corona epidemic. The government is constantly making efforts to revive it. Prime Minister Narendra Modi is making new announcements for honest taxpayers today to increase the trust of taxpayers towards the government.

The Central Board of Direct Taxes (CBDT) has recently taken several steps to improve the functioning of the Income Tax Department and bring transparency. In this series, the Document Identification Number (DIN) has been introduced by the department to ensure greater transparency regarding official communication.

Transparent Taxation Highlights

PM Modi said, “The need for basic and structural reforms in India’s tax system was because this system of ours was built during the period of slavery and then it developed slowly.” After independence, a lot of changes were made here and there, but mainly the character of the system remained the same. ”

In his address, the Prime Minister said, “Where there is complexity, compliance is also difficult. At least there should be a law, if the law is very clear, then the taxpayer is happy as well as the country. This work has been done for some time. Like now, GST has come in place of dozens of taxes. ”

The Prime Minister said that ‘for us, reform means that it should be policy-based, not in pieces, be holistic and one reform should be the basis of another reform, the path of the new reform. And it is not as if the reforms once stopped. It is a continuous, continuous process. ‘

PM Modi said during his address, “There was a time when we had a lot of talk of reforms. Sometimes some decisions were taken under compulsion, sometimes some decisions were made under pressure, then they were called corrections. Because of this, the intended results were not available. Now both this thinking and approach have changed.

He said that every rule and law, every policy, out of the process and power centric approach is being emphasized to make it people-centric and accessible to the people. This is the use of the new governance model of the new India and the country is getting happy results.

Prime Minister Modi said, “Now the atmosphere is becoming in the country to do all the work while keeping the duty of paramount importance. The question is, how is a change coming? Does it just come strictly? Does it come just from punishment? No, not at all. ”

PM Modi said during his address, “There was a time when we had a lot of talk of reforms. Sometimes some decisions were taken under compulsion, sometimes some decisions were made under pressure, then they were called corrections. Because of this, the intended results were not available. Now both this thinking and approach have changed.

PM Modi said that ‘new systems, new facilities, minimum government, starting today, strengthen our commitment to maximum governance. This is a big step in the direction of reducing the government’s interference with the life of the countrymen.

Underlining the direction of functioning of his government during the last 6 years, the Prime Minister said, “Our focus in the last 6 years has been Banking the Unbanked, Securing the Unsecured and Funding the Unfunded.” Today a new journey is beginning in away. ”

He informed that the facility of faceless appeal will be available for citizens across the country from 25th September i.e. Deen Dayal Upadhyay’s birthday. He said that even though the tax system is becoming faceless, it is going to give justice to the taxpayers for justice and fearlessness.

Prime Minister Modi said that the platform has major reforms like Faceless Assessment, Faceless Appeal, and Taxpayers Charter. He said that the Faceless Assessment and Taxpayers Charter came into force from today.

Prime Minister Narendra Modi launched the special taxation platform ‘Transparent Taxation Platform- Honoring the Honest’ through video conferencing. The process of structural reforms in the country has reached a new stage today.

Transparent Taxation – Honoring the Honest, this new system of the 21st-century tax system has been launched today: Narendra Modi
In this meeting, besides the officials and officials of the Income Tax Department, well-known taxpayers along with various chambers of commerce, trade associations, and chartered accountant associations will also attend this event.

The Central Board of Direct Taxes (CBDT) has implemented several major or major reforms in recent years. Efforts are constantly being made to change tax reform laws to make it tax-friendly so that transparency can be brought in the functioning.

Under this, every communication issued by the department has a computer-generated unique identification number.

Similarly, in view of the convenience of taxpayers, the Income Tax Department has started prefilling of income tax returns. This makes it easy for taxpayers to file income tax returns. Compliance rules have been simplified for startup companies.

For new manufacturing units, this rate was further reduced to 15 percent, and the dividend distribution tax was also removed. Several measures have also been taken to promote digital transactions and electronic modes or methods of payment.

Rapid refunds have been issued to taxpayers to increase cash flow, along with extending the statutory deadline for filing annual returns. The direct tax system for PM Modi’s announcement today

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