New Delhi (NVI): Prime Minister Narendra Modi today launched “Transparent Taxation – Honoring the Honest”, a platform to honour the honest taxpayers of the country. He said that it will be a new milestone in the structural reforms initiaited by the government.
Unveiling the platform through video conferencing, PM Modi also laid out the next phase of reforms of the direct taxes which is aimed at easing the tax compliance in the midst of coronavirus (COVID-19) pandemic which has severely hit the Indian economy.
— Narendra Modi (@narendramodi) August 13, 2020
While addressing the video conference, the Prime Minister said, “The ‘Transparent Taxation – Honoring The Honest’ platform will bring in faceless assessment, faceless appeal, and taxpayers’ charter. Faceless assessment & taxpayers charter come in force from today, whereas faceless appeal service will be available from September 25.”
PM Modi also stated that in a country of 130 crore people only 1.5 crore citizens were paying taxes.
“The new reform will instill a sense of fearlessness among the honest taxpayers who play an important role in national development,” PM further added.
“It strengthens our resolve of minimum government, maximum governance,” PM Modi said adding, “The emphasis is on making every rule-law, policy people-centric and public friendly. This is the use of the new governance model and the country is getting its results.”
With this launch, the government has taken another step to make the lives of the taxpayers easier. Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The department had also abolished the dividend tax.
It has also been focusing on simplification of direct tax laws and increasing transparency in communication.