Thursday, 13 August 2020

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13 August 2020 Current Affairs:Prime Minister Narendra Modi launched a platform for “Transparent Taxation – Honouring the Honest” through video conferencing on 13 August 2020. The platform is expected to meet the requirements of the 21st-century taxation system. The platform has major reforms like Faceless Appeal, Faceless Assessment, and Taxpayers Charter. The platform focuses on the reduction in tax rates and simplification of direct tax laws,

Transparent Taxation – Honouring the Honest:
♦ With this launch, the Faceless Assessment and Taxpayers Charter have come into force. The facility of faceless appeal will be available for citizens across the country from 25th September, Deen Dayal Upadhyay’s birth anniversary. 
♦ The new platform apart from being faceless is also aimed at boosting the confidence of the taxpayer and making him/her fearless.
♦ The platform is in line with the GoI’s move towards “Banking the Unbanked, Securing the Unsecured and Funding the Unfunded”.
♦ With Tax Charter, taxpayers will now be assured of fair, courteous, and rational behavior.
♦ It aims to provide resolution of pending tax disputes, the department also brought out the Direct Tax Vivad se Vishwas Act, 2020. Currently, declarations for settling disputes are being filed under this.



source https://naukri.sarkari-exam.in/pm-narendra-modi-launched-platform-for-transparent-taxation/
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