New Delhi, August 13
Prime Minister Narendra Modi on Thursday launched a brand new taxation platform to “honour the honest”.
The prime minister mentioned faceless evaluation, faceless attraction and taxpayer constitution are a part of the brand new platform ‘Transparent Taxation – Honoring the Honest’.
He mentioned that trustworthy taxpayers performed an necessary position in nationwide improvement.
“Policy-driven governance minimises grey areas, cutting discretion,” he mentioned.
The prime minister mentioned that basic reforms had been wanted in Indian tax system and an effort was on to make the tax system seamless, painless and faceless.
“Faceless assessment, taxpayer charter starts from today, faceless appeal to begin from Septemeber 25,” he added.
Modi mentioned India was amongst nations with lowest company tax.
Taxpayer Charter outlining proper and accountability is a crucial improvement, he mentioned.
“Tax return scrutiny has been cut to one-fourth to 0.26 per cent of all returns filed,” mentioned Modi. –PTI