India has shifted from tax terrorism to tax transparency: PM Modi


PTI, Nov 11, 2020, 5:47 PM IST

New Delhi: Prime Minister Narendra Modi on Wednesday underscored tax reforms of the past six years to say India has moved from tax terrorism to tax transparency.

Speaking at the inauguration of an office-cum-residential complex of the Income Tax Appellate Tribunal at Cuttack, Modi highlighted the reduction in the corporate tax rate, simplified rate structure for individual taxpayers, faceless appeals and quick refunds.

“Tax terrorism was a common refrain during past governments. The nation has left that behind and moved towards tax transparency,” he said.

“The change from tax terrorism to tax transparency has happened because we have propagated the concept of reform, perform and transform,” he emphasised.

The Prime Minister further said not much happened post Independence to change the exploited and exploiter relation between the taxpayer and tax collector.

But now change is happening, he said and went on to cite measures like faceless appeals, quick refunds and dispute resolution mechanism.

“We are reforming rules and procedures and using technology,” he said, adding the tax administration is being transformed.

India, he said, is among the select few nations which have codified rights and responsibilities of taxpayers. “This is an important step in restoring trust and transparency between taxpayer and tax collector.”

Stating that wealth creators should be honoured, he said easing their problems will help in growth of the economy.

Acceptance of as many as 99.75 per cent of the tax returns without a doubt is a step towards trusting the taxpayer, he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Unauthorized bus stops at signals fuel traffic woes and safety concerns

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Related Articles More

No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud

CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too

Akhilesh Yadav attacks BJP on demonetisation anniversary

DeMo paved way for monopolies by devastating MSMEs, informal sector: Rahul on note ban anniversary

Comply with order allowing minority student to attend St Stephen’s College: HC tells DU

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Unauthorized bus stops at signals fuel traffic woes and safety concerns

No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud

Baikampady: Here, even elederly have to crawl under trains to cross tracks!

CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too

Neeraj Chopra to head to South Africa for off-season training later this month

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.