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

BJP leadership ‘cutting him to size’; there can only be one ‘supreme leader’: Priyanka on Adityanath fielded from Gorakhpur

Gunmen kill Pakistani policeman guarding polio workers

MP home minister directs DGP to file FIR against Amazon officials, owner

HC proposes to reduce costs on Juhi Chawla from Rs 20L to Rs 2L in 5G lawsuit

2007 obscenity case: Mumbai court calls Shilpa Shetty ‘victim’ of Richard Gere’s act, discharges her

86 pc Indians want voting to be made compulsory: Survey

No discontent on appointment of district in-charge Ministers: K’taka CM


Related Articles More

In this UP polls, Gorakhpur gets chance to send a CM to state assembly

14 FIRs against touts, staff of Bangalore Development Authority for fraud in online plot sale

BJP leadership ‘cutting him to size’; there can only be one ‘supreme leader’: Priyanka on Adityanath fielded from Gorakhpur

Extended FCRA registration of 11,594 NGOs which applied within cut-off date, Centre tells SC

‘100 Great Chronicles of Indian History’: Book gives a peek into India’s glorious past

MUST WATCH

Udupi’s Gangadhar Kadekar sets new record by swimming

The Death of the Indian Farmer: India’s Suicide Crisis

Gas Tanker Over Turns at Kumta

Dog saves baby deer from drowing into the water

2 Health Workers Fight Over Rs 500 In Bihar


Latest Additions

In this UP polls, Gorakhpur gets chance to send a CM to state assembly

14 FIRs against touts, staff of Bangalore Development Authority for fraud in online plot sale

BJP leadership ‘cutting him to size’; there can only be one ‘supreme leader’: Priyanka on Adityanath fielded from Gorakhpur

Extended FCRA registration of 11,594 NGOs which applied within cut-off date, Centre tells SC

‘100 Great Chronicles of Indian History’: Book gives a peek into India’s glorious past

Thanks for visiting Udayavani

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