PM Narendra Modi launches 'Transparent Taxation' platform, says aim is to provide faceless and seamless experience
Prime Minister Narendra Modi on Thursday launched a new platform 'Transparent Taxation - Honoring the Honest', with an aim to provide faceless and seamless experience to taxpayers. The new plarform is another effort in direct tax reforms that the Modi Government wants to bring in.
Prime Minister Narendra Modi on Thursday launched a new platform 'Transparent Taxation - Honoring the Honest', with an aim to provide faceless and seamless experience to taxpayers. The new plarform is another effort in direct tax reforms that the Modi Government wants to bring in. The option of faceless appeal will be available from September 25 on the platform while taxpayer charter will come into place from today itself.
Addressing the nation after the launch, PM Modi said that the government is trying to make the taxation process more seamless, painless and faceless. He said that the idea is to solve the problems of taxpayers and not confuse them.
“During the last six years, our focus has been on banking the unbanked, securing the unsecured, funding the unfunded. Today, we are launching Honouring the Honest,” Prime Minister Narendra Modi said.
WATCH Zee Business LIVE TV Streaming Online
Taking a jibe at previous governments, PM Modi said that there was a time when decisions were taken in desperation or under pressure, and they were called reforms. He added that the ongoing structural reforms in the country have reached a new phase.
"Transparent Taxation - Honoring the Honest will have faceless assessments, faceless appeal and taxpayer charter. Faceless appeal will be applicable from September 25, while faceless assessment and taxpayer charter will come into place from today itself,” PM Modi said.
Meanwhile, Union Finance Minister Nirmala Sitharaman said that today is the landmark day in the history of taxation administration.
“To realise the mission of honoring honest taxpayers, CBDT has put in place a platform - "Transparent Taxation - Honoring the Honest, she said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
11:39 AM IST