City
Epaper

India has moved from tax terrorism to transparency: PM

By IANS | Updated: November 11, 2020 19:05 IST

New Delhi, Nov 11 Prime Minister Narendra Modi on Wednesday said that reforms in the taxation system had ...

Open in App

New Delhi, Nov 11 Prime Minister Narendra Modi on Wednesday said that reforms in the taxation system had made the country move from tax terrorism to tax transparency.

Speaking at the inauguration of the office-cum-residential complex of Cuttack Bench of Income Tax Appellate Tribunal (ITAT), Modi said that the change had come due to the approach of "reform, perform and transform".

He said that rules and procedures are being reformed with the help of technology.

"We are performing with clear intentions and at the same time transforming the mindset of the tax administration," he said.

The Prime Minister said that when the difficulties of the country's wealth creators are reduced, they get protection, then their trust grows in the country's systems.

He added that the result of the growing trust were that more and more partners were coming forward to join the tax system for the development of the country.

Modi said that along with the reduction in taxes and simplicity in the process, the biggest reforms carried out are related to the dignity of honest taxpayers, to protect them from trouble.

He also said that the thought process in the government was to trust the income tax return completely at first after it was filed. As a result of this, 99.75 per cent of the returns filed in the country today were accepted without any objection.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

National‘Embrace annihilation or abandon terrorism’: Assam CM hails PM Modi’s speech

Other SportsIndian Dressage star Anush Agarwalla impresses at Holtkamper Dressurtage Grand Prix

EntertainmentMawra Hocane’s Photo Removed from Sanam Teri Kasam Poster Amid India-Pakistan Tensions

InternationalSikyong Penpa Tsering engages with Tibetan youth, urges unity against Chinese oppression

NationalNo talks with Pak except on terrorism and PoK: PM Modi takes tough stance

Business Realted Stories

BusinessNaveen Patnaik highlights industrial growth of Odisha between FY 2015 to FY 2024

BusinessSikyong Penpa Tsering engages with Tibetan youth, urges unity against Chinese oppression

BusinessCentre urges states to explore possibility of setting up nuclear power plants

BusinessIndonesia: Calls for global action grow at Medan Seminar on Uyghur crisis

BusinessIndia-made defence systems now a formidable force in 21st-century warfare: PM Modi