1/6 - Today PM Shri @narendramodi ji launched an important initiative - Transparent Taxation Platform.
I'll highlight its key points, as taxation is an issue we ALL should be educated about.
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There exists a problem: Of 130 Cr Indians, only ~1.5 Cr pay taxes!
@narendramodi ji rightly said that to build an #AtmaNirbharBharat, more of us need to pay our fair share... That's where #TaxReforms help!
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The #TransparentTaxation platform is designed to make taxpaying seamless, painless, faceless. Its components are:
A) Faceless Assessments
B) Faceless Appeals
C) Taxpayers' Charter
Details in the next 3 tweets!
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A) Faceless Assessments:
No physical contact between the assessor & taxpayer, selection to be automated through AI.
Draft assessment order, review & finalisation will be in 3 different cities!
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B) Faceless Appeals:
There will be total transparency, as appeals will be randomly allotted pan-India to officers whose identity will be unknown.
Moreover, appellate decision will be team-based + reviewed!
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C) Taxpayers' Charter:
It is a list of rights / duties of taxpayers, eg:
RIGHTS: Appeal/Review Mechanism, Privacy, Fairness etc.
DUTIES: Honesty, Compliance, Timeliness etc.
P.S - *Read @IncomeTaxIndia's document detailing these!*
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