New Delhi: The 164th anniversary of Income Tax Day was observed by the Central Board of Direct Taxes (CBDT) and all its field offices across India on Tuesday.
The main function was held at the Plenary Hall, Vigyan Bhavan, New Delhi. Union Minister of Finance and Corporate Affairs Nirmala Sitharaman presided over the event.
In her keynote address, Sitharaman expressed appreciation for the outstanding performance of the CBDT and its field formation in every sphere of work. She also appreciated the department’s continued efforts in implementing the 3 ‘R’s viz. Return processing, Refund issue and Redressal of grievances emphasised by her earlier.
Sitharaman noted that systemic changes in the Direct tax administration like prefilling of forms, instant PAN, faceless assessment have boosted the taxpayer’s trust and made compliance easy, leading to growth in revenue.
The finance minister underlined the various reforms brought in by the Centre in the Finance Act 2023 to provide relief to the salaried class, start-ups, MSMEs and cooperative societies.
Sitharaman stressed the necessity to work on widening the tax base while making the tax administration transparent, objective and taxpayer-friendly. She called upon the officers/officials of the income tax department to work in this Kartavya Kaal towards achieving the goal of making India a developed country by the year 2047.
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