Unless we get into technology, system cannot be taxpayer friendly: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday addressed the 164th Income Tax Day occasion in Delhi. While addressing the general public occasion, she asserted within the final three, or 4 years, to the credit score of the Central Board of Direct Taxation (CBDT), tax charges didn’t go up, however income is steadily going up. 

“Evasion is being controlled…Prime Minister Narendra Modi has been absolutely keen that technology is the answer to many problems that we face..,” she added.

As the prime minister’s assertion stated that except we get into know-how, the three points- transparency, objectivity and being taxpayer pleasant won’t ever be achieved, Sitharaman asserted.

Over 5.16 cr declared zero tax legal responsibility: Sitharaman in Lok Sabha

Earlier whereas talking within the Lok Sabha immediately, the finance minister stated variety of entities, together with people, who filed revenue tax returns elevated by 6.18 per cent in 2022-23 to over 7.40 crore, of which about 5.16 crore declared zero tax legal responsibility.

“There has been a 6.18 per cent increase in the number of persons filing Income Tax Returns in F.Y. 2022-23 as compared to persons in F.Y. 2021-22,” she stated.

Over 7.40 crore ITRs have been filed in 2022-23, of which over 5.16 crore had zero tax legal responsibility. Similarly, for 2021-22 fiscal, over 6.94 crore ITRs have been filed, of which over 5.05 crore had zero tax legal responsibility. Over 6.72 crore and 6.

47 crore ITRs have been filed in 2020-21 and 2019-20 fiscal years. Of this, over 4.84 crore and a couple of.90 crore assessees had zero tax legal responsibility. The Government has taken a number of steps, like enlargement of the scope of TDS/TCS, simplification of private I-T, prefiling of ITRs, up to date returns, new kind 26AS and non-filers monitoring system, which has helped in including taxpayers. “E-mails and SMS reminders are issued to taxpayers to file their ITRs and pay their due taxes,” Sitharaman stated, including the tax division can also be enterprise publicity campaigns to lift consciousness about submitting tax returns. 

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