#NirmalaSitharaman #Write2Earn! #Incomegrowth #BinanceSquareFamily
Union Finance Minister Nirmala Sitharaman on Wednesday asked the Income Tax department to work towards being identified as fair and friendly towards taxpayers.
The FM was speaking on the occasion of Income Tax day celebration, where she marked 165 years of Income Tax, and congratulated Indian taxpayers for the feat achieved.
Furthermore, Sitharaman took this opportunity to emphasise on the need for the language of income tax notices and letters issued to the public to be simplified.
âTax notices need to be simplified so that people understand them better. Can we explore issuing simple, easy-to-understand notices?âFM Sitharaman asked.
Moreover, the FM asked income tax department to refrain from using âthreatening languageâ in tax notices.
âLet the experience of filing tax return on the first day be as good as filing it on the last day. We have to ensure that threatening language in tax notices and messages is avoided,â said the FM.
Further, FM Sitharaman mentioned Prime Minister Narendra Modiâs vision of a âsimple systemâ. She called on the tax department to approach the tax paying public with more transparency and less intimidation.
âPrime Minister Narendra Modi had been very clear from the beginning that we need to provide a simple system,â the FM noted
The FM congratulated Indian taxpayers on the occasion of the 165th year of Income Tax. Further, Sitharaman announced that India recorded a net addition of 58.57 lakh first-time tax filers this year.
She hailed the feat achieved by tax officers with this collection and revealed that they had to face challenges in the last ten years to reach this target.
âThe last ten years were full of challenges for India and tax officers. The collective effort of the tax-payers and income tax officials have led to the highest ever income tax collection,â Sitharaman exclaimed.
She also stated that at least some part of the Tax Code will be simplified within six months.
