PM Narendra Modi to launch ‘transparent’ scheme on Thursday to reward country’s honest taxpayers
The event will see top officials from the Chambers of Commerce, Trade Associations, Chartered Accountants’ associations in attendance.
In a bid to honor and encourage honest taxpayers of the country, Prime Minister Narendra Modi will launch a new tax scheme on Thursday. The platform for “Transparent Taxation – Honoring the Honest” will be launched by PM Modi via video-conferencing.
The occasion will see high ranking representatives from the Chambers of Commerce, Trade Associations, Chartered Accountants’ relationship in participation, other than authorities of the Income Tax Department. Association Finance Minister Nirmala Sitharaman and Minister of State (MoS), Finance, Anurag Singh Thakur will likewise be available.
Prime Minister @narendramodi will launch the platform for “Transparent Taxation – Honoring the Honest” on the 13th August 2020.
The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws.
Read here: https://t.co/iTXxUXPD1w
— PIB India (@PIB_India) August 12, 2020
The Central Board of Direct Taxation (CBDT) has completed a few significant assessment changes indirect expenses in the ongoing years. A year ago, corporate expense rates were decreased from 30 percent to 22 percent and for new assembling units, the rates were diminished to 15 percent. Profit appropriation charge was additionally annulled, an administration discharge expressed.
The delivery gave by the Prime Minister’s Office stated, “the focal point of the duty changes has been on the decrease in charge rates and on the improvement of direct expense laws. A few activities have been taken by the CBDT for getting effectiveness and straightforwardness in the working of the IT Department”.
The up and coming dispatch of the stage for ” Transparent Taxation – Honoring the Honest ” by the Prime Minister will additionally convey forward the excursion of direct expense changes, it included.
There are no comments at the moment, do you want to add one?
Write a comment