PM Modi To Launch "Transparent Taxation" Platform On 13 Aug

In a statement on Wednesday, the Prime Minister's Office said that PM Narendra Modi will launch the platform for "Transparent Taxation - Honoring the Honest" via video conferencing on 13 August.

Describing the various initiatives taken by the CBDT (central board of direct taxes), the statement said that the platform to be launched will carry forward the various direct tax reforms already made.

"The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws. Several initiatives have been taken by the CBDT for bringing in efficiency and transparency in the functioning of the IT Department," the statement said.

"The IT department is committed to take the initiatives forward and has also made efforts to ease compliances for taxpayers during the Covid times by extending statutory timeliness for filing returns as also releasing refunds expeditiously to increase liquidity in the hands of taxpayers," it added.

"The upcoming launch of the platform for "Transparent Taxation - Honoring the Honest" by the Prime Minister will further carry forward the journey of direct tax reforms," the statement said.

The launch event will be witnessed by various Chambers of Commerce, Trade Associations, Chartered Accountants' associations and also eminent taxpayers, apart from the officers and officials of the Income Tax Department. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also present on the occasion.