Faceless tax evaluation to advertise transparency, empower sincere taxpayers: India Inc

New Delhi, August 13

Faceless tax evaluation and appeals unveiled by Prime Minister Narendra Modi on Thursday will promote transparency and certainty, and empower sincere taxpayers, India Inc and specialists stated.

In a serious overhaul of tax administration, Modi unveiled faceless tax evaluation and appeals to scale back the scope for corruption and overreach by officers, and stated a taxpayers’ constitution is being applied to make sure a free, truthful and clear tax surroundings.

Launching the “Transparent Taxation – Honouring The Honest Platform” by way of video conferencing, he stated the taxpayer base at simply 1.5 crore in India could be very low and urged those that owe taxes to return ahead and truthfully pay their dues and contribute to nation constructing.

The taxpayers’ constitution and faceless evaluation are the subsequent phases of direct tax reforms aimed toward easing compliance and rewarding sincere taxpayers as the federal government seems to be to rebuild the pandemic-hit financial system.

While faceless evaluation, that doesn’t require the taxpayer to go to any workplace or meet any official, and taxpayers’ constitution shall be applied from Thursday, faceless attraction will come into power from September 25, Modi stated.

“The platform lays down the framework for big reforms such as faceless assessment, faceless appeal, and taxpayers charter and will greatly benefit taxpayers,” CII President Uday Kotak stated.

“Such reforms would further lay the roadmap for making the income tax system seamless, painless and faceless and promote ease of living in line with Prime Minister’s ‘Aatmanirbhar Bharat’ vision,” he added.

Ficci president Sangita Reddy stated, “This is another milestone in our journey of structural reforms and will tremendously boost the confidence of the taxpayers in the country.”

She stated Prime Minister Modi has clearly articulated that the federal government is dedicated to honour and respect sincere taxpayers and make them part of the workforce that’s working in direction of realising the imaginative and prescient of an ‘Aatmanirbhar Bharat’.

Assocham Secretary General Deepak Sood stated the general feeling amongst taxpayers is that such schemes can go a good distance in bringing reforms in direct taxation.

“The relationship between the taxpayer and the government should be seamless, fearless and the one that cements mutual confidence. The e-assessment is a step in that direction,” he added.

Himanshu Parekh, Partner and Head, Corporate and International Tax, KPMG in India, stated, “The aspects related to faceless assessments and appeals will ensure that there is no opportunity for personal bias and assessments or appeals are conducted in a fair and transparent manner, which will avoid unnecessary controversy and long drawn litigation, which has been a bane for taxpayers.” — PTI

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