Page 17 - NIS English Jul 16-31 2024

Decade of Tax Reforms

Instant PAN card-making system

n The Income Tax Our effort is that our
Department tax system should be
started the facility Seamless, Painless,
of instant online and Faceless. Seamless
PAN allotment means that the
for those applicants who have a valid Aadhaar tax administration
number with a registered mobile number. It is free. should work to solve
It is being widely used by the public the problem instead
of confusing every
National website updated taxpayer. Painless

means that everything
from technology to rules
n The national website should be simple.
of the Income Tax
Department has been
- Narendra Modi,
redesigned during the
Prime Minister
financial year 2023-24.
It has been launched
with more secure
has freed us from the compulsion of collecting
features.
n The website has been designed with a user- unnecessary papers and documents. Mega and
path-breaking initiatives such as the Centralised
friendly interface, a mobile responsive layout,
Processing Centre (CPC) including CPC-ITR, CPC-
new functionalities, and modules.
TDS, e-filing systems, Refund Banker Scheme, Online
n The new website allows users to compare
tax payments, Annual Information Statement (AIS),
various provisions of the Income tax Act 1961, e-Verification and new tax regime are examples that
other Acts various rules as well as tax treaties Income Tax Department can showcase to the world
over the years. to emulate. Not only this, earlier the government used
to approach the High Court and Supreme Court for
disputes above Rs 10 lakh. Now the limit for cases
Made work easier in the High Court has been set to Rs 1 crore and in
the Supreme Court to Rs 2 crore. With schemes like
n For the first time, the Income Tax Department Vivaad se Vishwas, the effort is to resolve most of the
cases outside the court. The result of this is that lakhs
enabled taxpayers to file their returns on the first
of cases have been resolved in a very short time.
day of the new financial year. This is also a big step
for the convenience of taxpayers.
Trust in taxpayers
n CBDT has already notified ITR. ITR-1,2,4 and 6 were The tax system should be seamless, hassle-free, and
made available on the first day of the financial faceless. Seamless means that the tax administration
year i.e. April 1, 2024. should work to solve the problem instead of confusing

n Filing of income tax returns for the financial year every taxpayer. Hassle-free means that everything from
technology to rules should be simple. Faceless means
2023-24 has started from April 1, 2024.
that it should not matter who is the taxpayer and who
is the tax officer. These reforms are going to take this
thinking forward. Whereas earlier, the tax department
of the city in which you live used to handle all matters

New India Samachar July 16-31, 2024 15