New Delhi: Prime Minister Narendra Modi will launch a platform to honour honest taxpayers on Thursday.
The launch of the platform for ‘Transparent Taxation – Honoring the Honest’ will further carry forward the journey of direct tax reforms, said an official statement.
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also present at the launch which will be done through a video conference.
The event will also be witnessed by various chambers of commerce, trade associations, chartered accountants’ associations and also eminent taxpayers, apart from the officers and officials of Income Tax Department, the statement said.
The launch will be a further development in the Centre’s and the Central Board of Direct Taxes’ reforms in direct taxes carried out in recent years, as the government.
Last year the corporate tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units the rates were reduced to 15 per cent. The government also has done away with the Dividend distribution Tax and the focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws.
