Latest GK GS

Updated By: LatestGKGS Desk

Taxpayers charter 2020 benefits to taxpayers, rights and duties



Taxpayers rights and duties after Taxpayer charter 2020 (A platform for transparent taxation) launched by PM Narendra Modi on 13th August 2020

Prime Minister Narendra Modi admits taxpayers charter as a great step in the journey of the development of the country.

According to PM Narendra Modi, taxpayer charter is a step to make a balance between taxpayers' rights and duties towards the nation. There are very few countries in the world that provide such a level of respect and security to the honest taxpayers of their nation, Now India is also getting in the same list.

The income tax department now believes in taxpayers. If there is any sort of doubt the taxpayer is now equipped with rights to apply for review. The taxpayer charter expects some things from the taxpayer too.

According to Prime Minister Narendra Modi, Paying the tax and tax collection by governments is not duties but responsibility for both. Tax to be paid to governments as it runs the system and country can become more responsible for a bigger population of the nation, as well as the taxpayer also gets better facilities and infrastructure.

Now the taxpayer has got facilities and security under new taxpayer charter, so more awareness about reforms getting expected.


Latest Taxpayer Charter Updates

» Faceless Assessment and Taxpayer Charter 2020 Tax Reforms Details

» Task Force for drafting a new Direct Tax Legislation submitted Report for new IT Law

» CBDT committee submits report to replace Income Tax Act with Direct Tax Code