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Faceless I-T appeals launched, to help resolve about 85% cases

The new process will help in quick resolution of about 4.6 lakh appeals pending at various levels in the I-T department

The technology-driven faceless assessment system also aims to end overreach by officials and the charter defines the rights and responsibilities of taxpayers.(Representational Photo)
Published on Sep 25, 2020 05:02 PM IST
Hindustan Times, New Delhi | ByRajeev Jaiswal

PM Modi highlights importance of compliance, urges more people to pay taxes

The prime minister said that the new tax system is going to become faceless and this will give a belief of fairness and fearlessness to taxpayers.

Prime Minister Narendra Modi launching the ‘Transparent Taxation-Honoring the Honest’ platform via video conference on Thursday.(ANI Photo)
Updated on Aug 13, 2020 12:01 PM IST
Hindustan Times, New Delhi | By

PM Modi to launch platform to honour honest taxpayers

A finance ministry spokesperson said the government has been implementing a series of tax reforms since last year when it had drastically reduced the corporate tax rate for existing and companies taking a hit of Rs 1.45 lakh crore.

Finance minister Nirmala Sitharaman thanked the PM for agreeing to launch the platform.(REUTERS)
Published on Aug 13, 2020 06:07 AM IST
Hindustan Times, New Delhi | By

GST faces challenge to meet higher revenue expectations

Reforms of the scale of GST require a political compromise in our federal structure

The Goods and Services Tax (GST) was passed in a joint session of parliament on 1 July, 2017(PTI)
Updated on Jul 02, 2020 07:28 AM IST

Gross Direct Tax collection grew 8% in FY20, says CBDT

The revenue impacts of corporate tax reforms and personal income tax concessions were ₹1,45,000 crore and ₹23,200 crore, respectively.

In order to boost investments, the government in September last year gave a <span class='webrupee'>₹</span>1.45 lakh crore bonanza to the industry by drastically reducing corporate tax rates. (Representative Image)(Getty Images/iStockphoto)
Published on Jun 08, 2020 05:25 AM IST
Hindustan Times, New Delhi | ByRajeev Jayaswal
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