Are you paying Tax????
India has a vast population of 3.5crore; every Indian today is indulging in various form of business, start ups. Indians are also famous for various traveling activities; India is famous for various tourism places. Every other Indian citizen is foodie and loves to taste various foods at various restaurants.
Now when the pandemic situation occurred in the month of March entire nation went for lock down, various business have faced financial issues, several people faced salary cuts , whereas our youths are craving for the restaurant food , several people who love traveling are waiting for the hotels to open , fitness freaks are waiting for Gyms to restart.
Our honorable Prime Minister Mr. Narendra Modi has started the Unlock series from July, also with that he has taken an oath to make India Aatm Nirbhar Bharat.
Today everyone is trying to maintain a budget to run their family smoothly as the pandemic has made Financial loses. Where we demand transparency in relationships, even our honorable Prime Minister is taking various steps to make the things transparent & to make India an independent nation by being with slogan Vocal for Local, this slogan is taken as a positive response by every citizen of India including the Youth.
Last Month, National Education Policy was launched that we discussed in the previous article, now where India is facing the situation with positive impact, honorable Prime Minister has launched a guidelines on National Tax Policy where the main motive of the policy is transparency.
Last week on Thursday Narendra Modiji launched Transparent Taxation Policy, the motive is to make transparency and less hectic job. The policy has various features that we will discuss. Out of 3.5crore population 1.5crore people pay honest tax.
The factors behind this policy are responsible changes in policy driven governance, belief in people’s honesty , the use of advanced technology and efficiency in bureaucracy.
The line of Modi says “ When life of an honest tax payer of the country becomes easy, he moves forward and develops , then the country and leaps forward” That means if every Indian citizen pay an honest tax then his /her life will become smooth and as he will develop the country will develop automatically.
The lines are said because when we go for survey we see that the tax administration is taken as the harassment on the mind of the people. Raise in tax revenue at times had done damage to goods.
The new policy had introduced faceless income tax returns, as the corruption level is rising up. This new platform is going to definitely benefit all the taxpayers & definitely it will also benefit the middle class taxpayer.
When the tax was introduced before the taxpayer had to get in touch with the I-T officials to get his tax filed. The taxpayer identity was revealed and the get messed up with tax officers. In this new platform the faceless assessment has being launched, if you live in another city your entire assessment can happen electronically from another city. No face to face interaction is needed. Any assessment rather than outside the faceless scheme will be invalid.
In ancient times the honest taxpayers, while facing harassment feared to appear against the department, but this new platform had made it easy by faceless appeal. This system will be launched after 25th September 2020, appeals will be allotted randomly and the identity of that official will remain anonymous.
The cases have certain limit like honest and serious fraud, tax evasion of big amounts and other sensitive matters.
As it is the middle class taxpayer who suffers a lot during investigation and appeals. Such cases also take long time to get resolved; however this platform will save their time and money. The process will make them hassle free. As discussed before it will be a transparent platform.
Let’s hope for the best with the new platform that will make everything easy and also will make every other individual citizen of nation a responsible , careful & honest taxpayer.
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