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PM Modi Launches Platform for `Transparent Taxation ‑ Honouring the Honest’

KEY HIGHLIGHTS 

  • Tax system aims to be Seamless, Painless and Faceless: PM
  • The platform has major reforms like Faceless Assessment, Faceless Appeal & Taxpayers Charter
  • Faceless Assessment & Taxpayers Charter have come into force from today while the facility of faceless appeal to be available from 25th Sep’ 2020
  • PM Modi praised the role of honest taxpayers in nation building & said that making lives of such taxpayers easy is responsibility of the govt

PM Modi Launches Platform for Transparent Taxation ‑ Honouring the Honest

  • No. of taxpayers is significantly low with only 1.5 Crore paying taxes out of 130 Crore people : PM
  • Prime Minister urges people to introspect & come forward to pay Income taxes to build an Atma Nirbhar Bharat
  • With the launch of Tax Charter, taxpayer is assured of fair, courteous and rational behavior : PM
  • Focus of the Govt is on “Banking the Unbanked, Securing the Unsecured, Funding the Unfunded & Honoring the Honest”

PM Modi Launches Platform for Transparent Taxation ‑ Honouring the Honest Key Highlights (2)

  • Emphasis is on making every law & policy People Centric & Public Friendly rather than Power Centric
  • Initiatives like ‘Vivaad Se Vishwas’ Scheme pave the way for most of the cases to be settled out of court
  • Scrutiny of the cases reduced by at least 4 times in last 6 years, from 0.94% in 2012-13 to 0.26% in 2018-19
  • Number of people filing income tax returns increased by about 2.5 crores in last 6-7 years

PM Modi Launches Platform for Transparent Taxation ‑ Honouring the Honest Key Highlights (3)

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