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Business News

Aug 13, 2020
2:11PM

Reforms announced by PM to simplify tax assessment: Kumarmanglam Vijay, J Sagar Associates

jsalaw.com
Commenting on the newly launched platform for "Transparent Taxation-Honoring the Honest" by Prime Minister Narendra Modi,  Kumarmanglam Vijay, Partner, J Sagar Associates said proposed reforms launched by the Prime Minister to simplify assessment and appellate process coupled with initiative to provide pre-filled return forms to taxpayers are steps towards making the process technology driven and easy to comply for a common person.

He said, Government has rightly increased the thresholds for appeals to be filed by the Revenue to reduce litigations.

These steps, he said may significantly improve the direct tax to GDP ratio in going forward after reforms are fully implemented.

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