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Business

CAMIT appreciates PM’s announcement regarding Transparent taxation

by TLN Team August 13, 2020
written by TLN Team August 13, 2020
CAMIT appreciates PM’s announcement regarding Transparent taxation

Dipen Agrawal, President of Chamber of Associations of Maharashtra Industry & Trade (CAMIT) on behalf of business community of Maharashtra welcomed the Taxpayers’ Charter unveiled by Prime Minister, Narendra Modi today. The Charter not only lists out the rights and duties of taxpayer, it also defines the commitment of the tax department and the expectations from the taxpayers.

Dipen Agrawal said, the Charter guarantees every taxpayer fair, courteous and reasonable treatment at the hands of the department; to be treated as honest and compliant unless there is contrary evidence; not be taxed retrospectively; and provide instalments for tax payment, in deserving cases, at interest of 9% per annum.

In consideration to these guarantees the Charter expects the taxpayer to be honest, compliant and to cooperate with the department; to maintain proper records, file returns and pay dues within statuary due dates; and inform department about the change in his circumstances. Long pending demand of taxpayers has been fulfilled by government today, added Dipen Agrawal.

Dipen Agrawal while expressing gratitude towards PM, Narendra Modi and FM, Nirmala Sitharaman for notifying Taxpayers’ Charter for direct tax, appealed for bringing similar Taxpayers’ Charter under indirect tax system also.

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