Underlining the various reforms brought in by the Union Government in the Finance Act 2023 to provide relief to salaried class, start-ups, MSME and cooperative societies, Union Minister of Finance & Corporate Affairs Nirmala Sitharaman has stressed upon the necessity to work on widening the tax base while making the tax administration transparent, objective and taxpayer friendly.
Sitharaman further noted that systemic changes in the Direct tax administration like prefilling of forms, instant PAN, faceless assessment have boosted the taxpayer’s trust and made compliance easy, leading to growth in revenue. The Finance Minister also called upon the officers/officials of the income tax department to work in this Kartavya Kaal towards achieving the goal of making India a developed country by the year 2047.
Besides, Finance Minister expressed appreciation for the outstanding performance of the CBDT and its field formation in every sphere of work. The Minister also appreciated the Department’s continued efforts in implementing the 3 ‘R’s viz. Return processing, Refund issue and Redressal of grievances emphasised by her earlier.
