Happy that govt announced long-awaited taxation reform, says VP Naidu

Vice President M Venkaiah Naidu on Thursday said the “long-awaited” taxation reform announced by the government would lead to greater compliance of tax laws

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tax reform | M Venkaiah Naidu | Direct Tax

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Vice President M Venkaiah Naidu on Thursday said the “long-awaited” taxation reform announced by the government would lead to greater compliance of tax laws.

In a major overhaul of tax administration, Prime Minister Narendra Modi on Thursday unveiled faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials, and said a taxpayers’ charter is being implemented to ensure a free, fair and transparent tax environment.

“Happy that government announced the long-awaited taxation reform to promote transparency, remove discretion and reward honest taxpayer,” the Vice President’s Secretariat tweeted quoting Naidu.

He said as mentioned by Prime Minister Modi, the need of the hour is to make the taxation system “painless, seamless and faceless”.

“I am sure that the sincere implementation of such people-friendly measures would lead to greater compliance of tax laws,” the vice president said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, August 13 2020. 16:31 IST