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Towards a faceless, fair and fearless tax system — a radical reform India needed

Towards a faceless, fair and fearless tax system — a radical reform India needed

Prime Minister Narendra Modi’s move to reward taxpayers by introducing the taxpayers’ charter, which is a part of the broader reform agenda, would usher in a transparent tax environment in the country.

In the Union Budget 2019, the finance minister had announced the launch of the faceless e-assessment scheme, whereby there would be total removal of any interface between the assessing official and the assessee. This would bring in several advantages to the tax assessee. The PM also informed that the number of people filing returns has gone up by 25 million in the last 6-7 years. With this new initiative, the government aims to widen the tax net from the current 15 million.

Firstly, scrutiny of a tax assessee is a very cumbersome process, as she is expected to satisfy all the queries of the income-tax official concerned. She may have to physically visit the income-tax department several times, till all the questions are not resolved.

Tugging at the souls of non-taxpayers, the PM urged them to be a part of the nation-building exercise to make it self-reliant. Since the last one year, the government has been undertaking several measures towards introducing a transparent and a hassle-free tax regime in the country. On these lines, the central government has reduced the corporate tax and abolished the dividend distribution tax

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