The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

COSIA applaudes “Platform For Transparent Taxation

by TLN Team August 15, 2020August 14, 2020
written by TLN Team August 15, 2020August 14, 2020
COSIA applaudes “Platform For Transparent Taxation
Chamber of Small Industry Associations, Vidarbha Chapter,wholeheartedly welcome the “Platform For Transparent Taxation” recently launched by our our Honourable Prime Miniister Shri Narendra Modi, said Shri Mayank Shukla, Chairman &  CA Julfesh Shah Vice Chaiman of the chapter.
In his statement Shri Shukla further said that this is for the first time in the history of our country, that the tax payer is genuinely honoured by the revenue authority by way of trusting  him in totality and simplifying his compliances in Annual Tax Return filing The new system launched not only stops here , but it further progresses in Faceless assessment, thereby bringing efficiency and transparency in the system.
In a way this system makes taxpayer or assesee more responsible and fearless, and encourage them to disclose a genuine and a tual  income as he doesn’t have to face or interact physically and have a fear of unnecessary harrassment to Fulfill underhand demand.Now a  individual or professional or an enterprise can be stress free on the quantum of liability on account of Direct Tax.This will enable an individual to concentrate more on his business activity, Shri Shukla said.
CA Julfesh Shah elaborating further said that the new system also aims at total  transparency and privacy by disclosing only necessary informations to the concern revenue departments.In case of complaints or grievances the system also ensures a prompt disposal. The revenue department also promises fair and impartial appeal and review mechanism to satisfy the tax payer to the utmost satisfaction .The identity of the officer to whom appeal has been referred would not be disclosed.And it can be given to the officer in any part of the country which will be helpful in disposition of the matter in most transparent & impartial way.
The new system expects from the tax payers to be well informed and updated about the compliances he is required to Fulfill with total  honesty and within stipulated time limit.ln case of any clarifications sought by the department it hato be promptly responded.
In short the entire system aims at total discipline,honesty,simplicity and fearless reporting and genuine hastlefree taxpayment to improve Nation’s Economyand an individual’s working efficiency, Shri Shah concluded.
0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Hindu Janajagruti Samiti demands legal action against e-commerce companies selling masks similar to National Flag
next post
Aashrita Mandal conducts webinar on ‘Impact of the pandemic on food industry’

You may also like

JLR India to hold Annual Monsoon Service Event...

June 10, 2023

India tops world rankings for digital payments with...

June 10, 2023

Open AI CEO Sam Altman announces plan to...

June 9, 2023

Myntra adds extra charge on every order to...

June 9, 2023

VIA, VPIA & NIPM organized a session on...

June 8, 2023

MAHAGENCO files caveat in HC apprehending litigation against...

June 6, 2023

VIA, VPIA &; NIPM organize a session on...

June 4, 2023

MOIL registers record May production registers growth of 43% yoy

June 1, 2023

15-year lock-in period relaxed for women property buyers...

June 1, 2023

Explore the beauty of marble with Asian Marbles:...

May 21, 2023

Trending News

  • World’s costliest Miyazaki Mango features at a fruit festival in West Bengal

    June 10, 2023
  • Open AI CEO Sam Altman announces plan to invest in Indian startups

    June 9, 2023
  • A woman asks if 40LPA salary is enough to survive in India, twitteratis give hilarious answers!

    June 8, 2023
  • With 29% rise, Maharashtra attracts highest FDI

    June 7, 2023
  • Cricket fever on! Will rain spoilsport Ind vs Aus mega clash?

    June 7, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.