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India has moved from tax terrorism to transparency: PM
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SME Times News Bureau | 11 Nov, 2020
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.
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