All tax notices to be issued from centralised system, says FM on tax reforms – اخبار مجنونة

Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits.The minister’s assertions came at a meeting here in which she announced a slew of steps to boost growth via reform measures. The minister also announced that the government would introduce “faceless” scrutiny of tax liabilities of individuals and corporates.Lately India Inc has called for measures to curb “tax terrorism”.Sitharaman said she has met several state tax officials and urged them not to stress on tax liabilities. She would also meet tax officials across the country and convey the message.She said technology can be used to monitor tax payments and liabilities, which should be used by the authorities.Announcing introduction of “faceless” scrutiny, the minister said from the upcoming Vijaya Dashami in October, no tax official will have to physically visit any individual for tax summons and monitoring..

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