Government of Hon’ble Prime Minister Shri Narendra Modi has undertaken many reforms from banking the Un-bank, Securing the Unsecured, Funding the Unfunded to Honouring the Honest. Now one major step has been taken to fight corruption and bring entire tax revenue into Govt. pocket. It is applicability of E-Assessments, E-Appeals and Tax Charter. Now almost everything is online.The reform focuses on less compliance and clear compliance for taxpayers.
2. WHAT PRIME MINISTER SAYS-
3. BENEFITS OF E-ASSESSMENTS –
E-Assessments are applicable from 13 August 2020 and E-Appeals shall become applicable from 25th Sept 2020, the birth anniversary of Shri Dindayal Upadhay. The benefits of E-Assessments are-
4. TAX CHARTER–
5. OUR COMMENTS–
Disposal of income tax cases were big thing for businessman apart from their business. For refund of their own money they faced many problems. People avoided to pay tax when it was well known that their hard earned money will not be used in nation building but will be illegally absorbed into System. Taxpayers who contributed in nation building were itself used by Persons-in-Power. We all have learned in our Schools that “HONESTY IS THE BEST POLICY” but as we grow up we adopt Shortcuts or situations forced us to become part of corruption. But now it is the new morning and we all should welcome it with all our heart and happiness. Congratulations to all the readers for this great Reform. As I always say, Let us pay taxes honestly. Let us practice to pay tax honestly one time and I assure you will always love it.
The above comments do not constitute professional advice. The Author can be reached at firstname.lastname@example.org. My name is CA Divya Agrawal and I am Practising Chartered Accountant. I also upload educational videos in You tube and name of my channel is FINANCIAL TREE COMPANY. We are soon launching our website- www.financialtreecompany.com.My aim is to help people in improving their financial health by spreading knowledge and love. Stay Healthy and Wealthy.