From India regaining $2-trillion market capitalisation to Centre giving 5-month extension to renewable projects, here are top headlines this morning
The nomenclature of the scheme has now been changed to "Faceless Assessment Scheme" from the existing "E-assessment Scheme"
Recommendations of P J Nayak Committee could see the light of day
While faceless assessment and Taxpayers' Charter came into effect from Thursday itself, the facility of faceless appeals will be rolled out from September 25
Say more needs to be done to develop trust between assessees and authorities
A security ring, including NSG snipers, elite SWAT commandos and kite catchers, will be placed around the Red Fort from where Prime Minister Narendra Modi will address the nation
Using the central bank's gold to raise resources is no substitute for bolstering the sovereign's credibility with investors
Sachin Pilot met Rajasthan CM Ashok Gehlot on Thursday, the first time after he openly rebelled against the senior leader a month back. Stay tuned for live updates on latest news
Your guide for Modi's taxpayers' charter and its benefits
His attack came on a day India recorded a record single-day increase of 66,999 cases, taking its Covid-19 tally to 23,96,637
Jawaharlal Nehru, Indira Gandhi and Manmohan Singh, all from the Congress, are the three longest serving Indian prime minister in that order
Union Home Minister Amit Shah on Thursday said the Narendra Modi government has taken several key decisions to empower and honour honest taxpayers and launch of 'Transparent Taxation-Honoring the Honest' is a gift to the taxpayers. The Prime Minister on Thursday unveiled a faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials. "Modi govt has taken several landmark decisions to empower and honour the honest taxpayers who are the backbone of India's progress & development," Shah tweeted. Shah said this platform is another step towards the prime minister's resolve of 'Minimum Government, Maximum Governance'. "Reforms for a New India! Launch of 'Transparent Taxation-Honoring the Honest' is a gift to our taxpayers by PM @narendramodi & FM @nsitharaman. With reforms like faceless assessment, faceless appeal & taxpayers charter this platform will further strengthen our taxation system," he said in another tweet. On the major overhaul of
PM Modi said the charter had been introduced with defined rights and responsibilities. Read the full text of the tax charter document here
In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers
"With faceless assessment, the taxpayer is assured of fair, courteous and rational behavior. Taxpayers charter is also a big step in the country's development journey," PM said
The govt should have a wider discussion on the way forward
On Wednesday, Sri Lanka's new Cabinet, including four members of the powerful Rajapaksa family, took oath with President Gotabaya retaining the key defence ministry
Steps may include a taxpayer charter to empower assessees by outlining their right to get time-bound services and expansion of scope of faceless assessment to prevent harassment
In the Budget, Finance Minister Nirmala Sitharaman had announced that CBDT will adopt a "taxpayer charter" which will ensure trust between a taxpayer and the administration
Nitin Gadkari said that he will write to Commerce Ministry and Prime Minister Narendra Modi regarding the export of PPE kits, facial masks and sanitisers