• Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit
Regional Posts
No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
Regional Posts
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World
No Result
View All Result
Regional Posts
No Result
View All Result
Home News

What Vice President Venkaiah Naidu Said On Simplifying Tax System

by Staff Writer
April 29, 2022
in News
0
What Vice President Venkaiah Naidu Said On Simplifying Tax System
549
SHARES
3.7k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Elon Musk accused of exposing himself to private flight attendant: report

Twitter to enhance censorship over Ukraine

Vice President M Venkaiah Naidu called for simplifying the tax system.

New Delhi:

Vice President M Venkaiah Naidu on Friday called for simplifying the tax system further to promote voluntary compliance and reduce litigation.

Appreciating the government’s efforts to do away with complex and tedious processes, Vice President Naidu stressed the need for intensifying the efforts toward creating a stable, user-friendly and transparent tax regime in the country.

Addressing the Valediction Ceremony of the 74th Batch of Indian Revenue Service (Income Tax) at the National Academy of Direct Taxes (NADT) at Nagpur, the Vice President observed that technology can be a great enabler in our endeavour toward creating a transparent and taxpayer-friendly administration.

“Leveraging digital technology is crucial for financial inclusion, ease of service delivery and plugging leakages from various welfare schemes,” Vice President Naidu said.

Observing that the country expects a high order of efficiency and integrity from all civil servants, the Vice President asked the officers to set a high benchmark and improve the system to make a positive difference in the lives of people.

“We are not content with the status quo. We want to convert our Swaraj into Suraj or good governance,” Vice President Naidu stressed.

Recognising the important role of the Indian Revenue Service in nation-building through tax collections, Vice President Naidu wanted them to demystify the tax laws and procedures so that tax compliance becomes the norm and citizens pay taxes on time, willingly and effortlessly.

Citing an analogy from Mahabharata, the Vice President said that “a ruler should extract taxes from the people in the same way as honey bee extracts nectar from the flowers without harming the flower itself.”

Terming effective tax administration as the bedrock of national development and one of the pillars of good governance, the Vice President underlined that “tax collection needs to increase but it should be done in a transparent and user-friendly way, not in an arbitrary manner.”

Stressing the need to minimise the adverse impact of taxation on taxpayers, Vice President Naidu said, “if taxpayers continue to grow in their respective productive activities, both the national GDP and the revenue collections will continue to grow.”

Referring to several tax reforms in recent years such as the focus on litigation management to avoid repetitive appeals, a faceless regime and the adoption of the Taxpayers’ Charter, the Vice President complimented CBDT for ushering in these far-reaching policy measures. “I firmly believe that interaction between taxpayers and taxmen should be characterized by a spirit of trust, transparency and mutual respect.”

Vice President Naidu called taxes not just a source of revenue for the government but also an effective instrument for achieving desired socio-economic objectives.

Referring to the Prime Minister’s vision for India at 100, he appealed to everyone to work for making India a developed, prosperous and happy society in the coming years.

Exhorting the young officers to not get overwhelmed by the challenges and difficulties faced in the discharge of their duties, Vice President Naidu wanted them to be adept at seeking solutions through consultation and learning from best practices across the world. “You must be receptive to new ideas and willing to listen and absorb,” he stressed.

Source by www.ndtv.com

POPULAR NEWS

5 Email Templates For a Performance Management Process

5 Email Templates For a Performance Management Process

November 1, 2021
Florida Tik Tok star Damaury Mikula, 18, was arrested on Friday after he led Pasco County Police on a 100-mile-per-hour high speed chase

Florida TikTok star, 18, is arrested provoking police into high speed chase

November 1, 2021
The Best New Podcasts Coming in 2022

The Best New Podcasts Coming in 2022

December 30, 2021
sex

How To Increase Male And Female Sexual Desire

November 26, 2021
cyberbullying legal consequences

5 Ways to Report Cyberbullying

June 18, 2021

EDITOR'S PICK

Denisova cave opening

Who Were the Denisovans? | Discover Magazine

January 16, 2022
SteelSeries Apex Pro Reviews, Pros and Cons

SteelSeries Apex Pro Reviews, Pros and Cons

February 12, 2022
Queen Elizabeth II's 70 Years On The Throne: Key Dates

Queen Elizabeth II’s 70 Years On The Throne: Key Dates

February 7, 2022
Stress spikes in the U.S. over inflation, Ukraine, lingering pandemic fatigue : Shots

Stress spikes in the U.S. over inflation, Ukraine, lingering pandemic fatigue : Shots

March 11, 2022

About

REGIONAL POSTS Web Magazine is an online magazine covering international news, politics, technology, health, education, and much more.Read More.

Follow Us

Submit a News | Write For Us

Feel free to contact us for submission queries. via contact form or email us at : [email protected]

  • Home
  • About
  • Contact
  • Privacy
  • Terms
  • DCMA
  • Sitemap
  • Submit

© 2021 Regionalposts.com

No Result
View All Result
  • News
    • Sports
    • Politics
  • Business
    • Crypto
    • Marketing
  • Lifestyle
    • Entertainment
    • Fashion
    • Food
  • Tech
    • Gaming
    • Gadgets
  • Science
  • Health
  • Travel
  • World

© 2021 Regionalposts.com