Transparent Taxation: Faceless Assessment & Taxpayers Charter In Force From Today
By FnF Correspondent | PUBLISHED: 13, Aug 2020, 18:34 pm IST | UPDATED: 13, Aug 2020, 18:34 pm IST
Delhi: Several tax reforms were introduced as Prime Minister Narendra Modi launched Transparent Taxation scheme on Thursday. Faceless assessment and taxpayers charter will come in force from today, whereas faceless appeal service will be available from September 25, announced Prime Minister Modi."This platform has big reforms such as faceless assessment, faceless appeal, and taxpayers charter, said PM Modi.Here are the major announcements made by PM Modi & key takeaways from his address:
Background: Ahead of Independence Day, in a bid to honour honest taxpayers, Prime Minister Narendra Modi is launching a platform ‘Transparent Taxation Honouring The Honest,’ a move which will strengthen efforts of reforming and simplifying our tax system.
- Faceless assessment & taxpayers charter come in force from today, whereas faceless appeal service will be available from September 25.
- There was a time when there used to be a lot of talk about reforms. Sometimes decisions were taken out of compulsion or pressure and were called reforms. Due to this, the desired results could not be achieved. Now this thinking & approach, both have changed.
- 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.
- Taxpayers charter is also a big step in the country's development journey.
- India among nations with lowest corporate tax, says PM Modi.
- Number of tax payers in the country is very small percentage of total population. he said.
- Effort is to make tax system seamless, painless and faceless.
The platform which will be launched today is expected to further carry forward the journey of direct tax reforms undertaken during the last six years.
The statement issued on Wednesday said tax reforms include bringing more transparency in official communication through the newly introduced Document Identification Number (DIN) wherein every communication of the Department would carry a computer generated unique document identification number.