Quick Summary
Honourable Prime Minister Sri Narendra Modi launched a platform for Transparent Taxation for honoring honest taxpayers. The Prime Ministers launch of Transparent Taxation Honoring the Honest follows several major tax reforms in direct taxes in recent years. These include the corporate tax rates cut and the abolition of the Dividend Distribution Tax. The addressing was started by Honble FM. She said, Today is a landmark day in the history of taxation. The present platform uses data, analytics, a
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FAQ :
It is a new platform launched by the Prime Minister to honour honest taxpayers and simplify the direct tax system using data, analytics, and AI.
Both the faceless assessment and the taxpayer's charter are effective from the launch date of the platform.
The facility for faceless appeal will come into effect from the 25th of September 2020.
Appeals will be randomly assigned to officers anywhere in the country, with their identities kept anonymous. Decisions will be made by teams.
Yes, tax return scrutiny has been reduced significantly, now standing at 0.26 percent of all returns filed.
The taxpayer's charter is a historical document outlining the rights of taxpayers and assuring them of fair and courteous behaviour from the Income Tax department.
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