"It eases compliance burden, it brings in fair objective and a just system, there shall not be any physical interface between the department and the tax payer and to an extent it shall bring in certainity of Information", she added.
Launching the "Transparent Taxation - Honoring the Honest" platform, the PM emphasised for a Seamles, Painless and Faceless tax regime. The Prime Minister said that faceless assessement and taxpayers charter are available from Thursday, and faceless appeal will be available from September 25.
The virtual event was attended by various chambers of commerce, trade associations, chartered accountants' associations and taxpayers, according to The Mint.
Faceless assessment: PM Modi said it shouldn't matter who the taxpayer is and who the tax officer is.
In the Budget, Finance Minister Nirmala Sitharaman had announced that CBDT will adopt a "taxpayer charter" which will ensure trust between a taxpayer and the administration and reduce harassment, as well as increase efficiency of the department.
The launch of the platform will be a further development in the Centre's and the Central Board of Direct Taxes' reforms in direct taxes carried out in recent years.
Taking to Twitter, PM Modi said that the platform will add strength to the efforts of reforming and simplifying the tax system. "To realise this vision, the CBDT has given a framework and put in place a system in the form of this platform, a transparent efficient and accountable tax administration is what this platform brings in".
"Wealth creators will be respected in this country", Nirmala Sitharaman had said in her 2020-21 Budget speech. Income Tax returns (ITRs) picked up for scrutiny has reduced to 0.25 per cent of the total ITRs filed in Assessment Year (AY) 2018-19, from 0.55 per cent in AY 2017-18.
This includes bringing more transparency in official communication through the newly introduced Document Identification Number (DIN), wherein every communication of the department would carry a computer-generated unique document identification number, the statement said. In a series of tweets, the finance ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers.
Compliance norms for startups have also been simplified, it said. It launched the Direct Tax "Vivad se Vishwas" scheme to expedite the resolution of pending tax disputes.
The IT department is committed to take the initiatives forward and has also made efforts to ease compliances for taxpayers during the Covid times by extending statutory timeliness for filing returns as also releasing refunds expeditiously to increase liquidity in the hands of taxpayers. Several measures have been taken to promote digital transactions and electronic modes of payment.