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PM Modi to launch 'transparent' scheme tomorrow to honour honest taxpayers

In the Budget, Finance Minister Nirmala Sitharaman had announced that CBDT will adopt a "taxpayer charter" which will ensure trust between a taxpayer and the administration

PM Narendra Modi addressing nation at World Youth Skills Day.

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Last year the Corporate Tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units the rates were reduced to 15 per cent. Dividend distribution Tax was also abolished.

Press Trust of India New Delhi

3 min read Last Updated : Aug 12 2020 | 12:48 PM IST

Prime Minister Narendra Modi will launch a platform for honouring the country's honest taxpayers on Thursday.

The 2020-21 Budget unveiled on February 1, had announced a 'taxpayer charter', which is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax department.

"The upcoming launch of the platform for 'Transparent Taxation Honoring the Honest' by the Prime Minister will further carry forward the journey of direct tax reforms, the Finance Ministry said in a statement on Wednesday.

The Ministry said the Central Board of Direct Taxes (CBDT) has carried out several major tax reforms in direct taxes

Topics : Nirmala Sitharaman Budget Speech Narendra Modi taxpayers CBDT tax reforms Budget session income tax returns

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