FICCI welcomes the launch of 'Transparent Taxation-Honouring the Honest' platform

Aug 13, 2020

• This will tremendously boost Indian taxpayers' confidence, ease of doing & cost of doing business: FICCI President

 

NEW DELHI, 13 August 2020: Commenting on the launch of the platform 'Transparent Taxation - Honouring the Honest' by Prime Minister Mr Narendra Modi, Dr Sangita Reddy, President, FICCI said, �This is another milestone in our journey of structural reforms and will tremendously boost the confidence of the taxpayers in the country. Prime Minister Modi has clearly articulated that the government is committed to honour and respect the honest taxpayers and make them a part of the team that is working towards realising the vision of an 'Atmanirbhar Bharat'."

�We have seen the government take up several initiatives over time to bring improvement in the tax system making it more efficient, transparent and enhancing the ease of compliance. FICCI commends the government for all such steps. These are vital to make India a competitive economy. As we are in the midst of a changing global order that is bringing up new opportunities, developments such as the one seen today add to the positive messaging that India is committed to improve both the ease of doing business as well as the cost of doing business in the country,� Dr Reddy added.

�The tax administration in India is undergoing a change and a new governance structure is emerging that included faceless assessment, faceless appeal and defined charter for the taxpayers that outlines their rights and responsibilities. There is a great thrust on the use of technology for social good and improvement in governance and this is now reflected even in our tax administration. The government deserves complete credit for these initiatives and FICCI will continue to provide inputs to the Ministry of Finance and Department of Taxation,� said Dr Reddy.