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11:37 AM

Taxpayer must pay tax because that is how system works, says PM Modi

Taxpayer charter comes with responsibilities for taxpayers too. The taxpayer must pay tax because that is how the system works, says Prime Minister Narendra Modi
 
11:36 AM

PM Modi LIVE updates: Faceless assessment, taxpayer charter to apply from today

PM Modi says faceless assessment, taxpayer charter to apply from today; faceless appeal will be applicable from 25 September
11:35 AM

Key highlights of PM Modi's speech

Faceless assessment, faceless appeal and taxpayer charter part of new platform 'Transparent Taxation – Honoring the Honest'

Policy-driven governance minimises grey areas, cutting discretion,

Faceless assessment, taxpayer charter starts from today, faceless appeal to begin from Sep 25

Fundamental reforms were needed in Indian tax system

Effort is to make tax system seamless, painless and faceless

India among nations with lowest corporate tax
11:33 AM

PM Modi announces 'taxpayers' charter' listing rights and responsibilities

Income Tax department is expected to deal with taxpayers with sensitivity and without suspicion: PM Modi
 
11:33 AM

Our tax system should be seamless, painless and faceless. Seamless means that the tax administration should work to solve the problem instead of confusing taxpayers: PM

11:32 AM

LIVE updates: PM Modi on'fundamental and structural reforms' for taxpayers

"Taxes have also been reduced in the country along with the complexities of procedures. Tax is now zero on income of up to Rs 500,000. The tax has also been reduced in the remaining slabs. We are one of the lowest tax consuming countries in the world in terms of corporate tax", says PM Modi.
11:31 AM

LIVE updates: PM Modi on'fundamental and structural reforms' for taxpayers

Compliance is difficult where there is complexity. If the law is clear, then taxpayers is happy, as well as the country. This work has been in process for some time. Like now, GST has come in place of dozens of taxes, says PM Modi.
11:30 AM

PM Modi announces 'taxpayers' charter' listing rights and responsibilities

11:30 AM

LIVE updates: PM Modi on'fundamental and structural reforms' for taxpayers

Fundamental and Structural Reforms were needed in India's tax system because our system was created in the period of slavery. After independence, a lot of changes were made here and there, but the character of the largely system remained the same, says PM Modi.
11:29 AM

LIVE: PM Modi on'fundamental reforms' for taxpayers

Reform for us means reform is policy based, not piecemeal. Holistic reform becomes the basis of another reform, making way for the new reforms. And we cannot stop after one reform, this is a continuous process, says PM Modi
11:26 AM

LIVE: PM Modi on'fundamental reforms' for taxpayers

There was a time when we used to talk about reforms. Decisions were taken in desperation or under pressure, and they were called reforms, says Modi
11:23 AM

LIVE: PM Modi on 'Transparent Taxation - Honouring The Honest' platform

Every rule, law and policy is taken out of the power centric approach and is being turned into People Centric and Public Friendly. This is the use of the new governance model of New India, says Modi
 
11:21 AM

Banking the unbanked, securing the unsecured, funding the unfunded is part of new governance: Modi

11:21 AM

LIVE: PM Modi on 'Transparent Taxation - Honouring The Honest' platform

The ongoing structural reforms has reached new heights today. "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
 
11:15 AM

PM Modi: 'Transparent Taxation - Honoring the Honest' platform launch is expected to carry forward the journey of direct tax reforms undertaken during the last six years

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First Published: Aug 13 2020 | 7:40 AM IST