Finance Minister Nirmala Sitharaman on Friday urged Income Tax officials to ensure convenience for honest taxpayers while taking firm action against tax evasion, stressing that certainty in the tax regime is critical for the economy.Speaking at the 167th Income Tax Day celebrations, Sitharaman said, "Tax certainty is an economic imperative."She asked tax officials to adopt an empathetic approach while enforcing tax laws and distinguish between deliberate tax evasion and genuine mistakes made by taxpayers.Also Read: Karnataka attracts $13 billion in FDI as tech, GCC investments surgeEmphasising the need for balanced enforcement, she said the department should know how to draw a line between those deliberately evading tax and those committing bona fide errors.The finance minister also outlined five priorities for the Income Tax Department, i.e., recognise, respond, redress, reflect and reform.Also Read: RBI likely used dollar deposit surge to cut record FX forward book, economists say"Exercise the power that the tax law gives you with humility...be agile," she told officials.
Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayers
Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and agility.
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