<span style="color: #222222;">The Indian economy has witnessed revolutionary changes in the journey of the last eight years of the NDA Government. The government has adopted technology and digitization for simplification and transparency in governance and citizen services.<br />”<br />”The tax-system in the country has undergone deep reforms resulting in an efficient, transparent and corruption-free system. The Modi Government transformed the tax assessment process from face-to-face assessment to complete faceless assessment. The faceless assessment is ensuring effective tax administration, minimizing physical interface.<br />”<br />”The reform of faceless tax assessment has brought India in the elite list of few countries who have adopted such an efficient tax system. The government implemented a faceless assessment scheme in 2020 to remove the human interface between the taxpayer and the Income Tax Department ensuring corruption-free, painless and seamless tax systems.<br />”<br />”Simplified tax e-filing and faceless operation of the tax system not only reduced corruption, but also increased tax compliance and helped in resolving tax disputes in the shortest possible time. A businessman Vinod Kinger talking to AIR News said, due to the faceless system, he doesn’t feel any difficulty in tax compliance which was faced earlier.<br />”<br />”The faceless assessment system is ensuring ease of living in the country with the Modi Government’s Mantra of 'Minimum Government, Maximum Good Governance'.</span><br />
News On AIR | June 6, 2022 11:03 AM | 8 Years Of Seva
Indian economy witnessed revolutionary changes in journey of last 8 years of NDA govt