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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
- 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”
- 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
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