PM Modi launches Transparent Taxation platform

Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The ‘Transparent Taxation - Honoring The Honest’ platform will further benefit the taxpayers.

PM Modi launches Transparent Taxation platform

Prime Minister Narendra Modi launched a platform to honour the honest taxpayers of the country. The unveiling took place at 11 am today via video conferencing.

The “Transparent Taxation - Honoring The Honest” platform will initiate major tax reforms aimed at bringing transparency in income tax systems and empowering taxpayers, according to the government.

This is considered to be another step which will make the lives of the taxpayers easier. Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The department had also abolished the dividend tax.

It has also been focussing on simplification of direct tax laws and increasing transparency in communication. A major step in this regard was the introduction of Document Identification Number (DIN) wherein every communication of the department would carry a computer generated unique document identification number.

Similarly, to increase the ease of compliance for taxpayers, the IT department has moved forward with the prefilling of income tax returns to make compliance more convenient for individual taxpayers. Compliance norms for startups have also been simplified.

Here are the highlights of what PM Modi said:

  • Structural reforms in the country have reached a new milestone
  • "Transparent Taxation - Honoring the Honest" platform is based on reforms such as faceless assessment, faceless appeal and taxpayers' charter 
  • The platform has big reforms such as "faceless assessment, faceless appeal and taxpayers' charter" 
  • Faceless assessment and taxpayers' charter implemented from today
  • Faceless appeal facility will be available to all citizens of the country on September 25 
  • A "faceless" tax system will give taxpayer confidence on fairless and fearlessness

  • Congratulations to all taxpayers for this important gift
  • Best wishes to all Income Tax Department officials, all big and small workers  
  • In past six years, government has remained focused on "banking the unbanked, securing the unsecured and funding the unfunded"
  • In a way, today's launch marks beginning of a new journey (in this direction)
  • New platform is aimed at honoring the honest ("imandar ka samman")
  • Country's honest taxpayer plays a very big role in nation-building
  • Ease of living for taxpayers' life leads to nation's development

  • It also leads to nation's development and progress
  • New facilities and services being launched from today strengthen government's commitment to minimum government and maximum governance
  • They are a big step in minimising government intervention in the lives of citizens
  • Today, government is working towards making every law, every policy people-centric, public-friendly, from a process and power-centric approach
  • New India's new governance model yielding positive results

  • Everyone has realised that shortcuts are not the way forward
  • There is a sense of duty today in the country
  • How has this happened? Four reasons behind this: 
    • Policy-driven governance - a clear policy minimises grey areas
    • Trust in common man's honesty
    • Limiting human intervention in government systems to use technology on a big scale
    • Rewarding qualities of efficiency, integrity, sensitivity in government machinery and bureaucracy 

  • India's taxation system needed fundamental, structural reforms
  • There was a time in India, when reforms were much talked about but decisions were taken in compulsion, under pressure - such reforms did not yield desired results 
  • Our system has developed slowly since Independence
  • After Independence, few changes happened but largely system's character remained the same

  • Reforms should be strategic, holistic; it is a continuous process
  • Government cannot stop after bringing a reform once; one reform should lay roadmap for future reforms, it is a continuous process

The Direct Tax Vivad se Vishwas Act, 2020, was also introduced to settle tax disputes.

Further, the Income Tax department has undertaken several measures to promote digital transactions and electronic modes of payment. The department is committed to take the initiatives forward and has also made efforts to ease compliances for taxpayers during Covid-19 time by extending statutory timeliness for filing returns as also releasing refunds expeditiously to increase liquidity in the hands of taxpayers.