New Delhi: Union Minister for Finance, Corporate Affairs and Defence Arun Jaitley has underscored the thrust of the present NDA Government for setting-up an internationally competitive tax regime with a stable policy and a non-adversarial tax administration.
The Finance Minister was addressing the Officers and Staff of the ITD at a function organised here at Vigyan Bhawan in the national capital to mark the occasion of ‘The Aaykar Diwas – Income Tax Day Celebrations-2017’.
Jaitley exhorted the officers of the Income Tax Department (ITD) to be prompt in redressing the grievances of the tax payers. The officers should work to expand the tax base in a non-intrusive manner even as they strive to achieve the revenue generation targets, he said adding taxes are the backbone of any economy.
Gadually, the mindset of the people is changing as they want no one should be exempted from tax, the Finance Minister said while emphasising that privacy cannot be made an excuse for non-compliance.
Jaitley congratulated the officers and staff of the Income Tax Department for working towards changing the mindset of the people and helping them become more tax compliant. He also spoke about the various steps undertaken by the present Government to widen the tax base, eliminate corruption and incentivise the honest taxpayers among others.
Earlier, the Finance Minister released a Coffee Table Book “The Journey So Far”. The book traces the 157 year history of the ITD and its metamorphosis into a modern department which uses state-of-the-art techniques for efficient delivery of taxpayer services while simultaneously generating a significant portion of the tax revenue of the Government of India.
Jaitley gave away the Finance Minister’s Awards for Excellence to 22 officers of various ranks in the ITD for their meritorious services. A film titled “In the Service of the Nation” detailing the contribution of the Department towards nation building was also launched by the Finance Minister and screened on the occasion.
The Aaykar Diwas – Income Tax Day – was celebrated today across India. The main function was held at Vigyan Bhavan in New Delhi. Besides Union Finance Minister Arun Jaitley, prominent among others present were Minister of State for Finance (Revenue) Santosh Kumar Gangwar, Revenue Secretary, Dr Hasmukh Adhia, Chairman, CBDT Sushil Chandra. Members of the Central Board of Direct Taxes (CBDT), senior officers of the Ministry of Finance and Income Tax Department attended the function.
The Principal Chief Commissioner of Income Tax, Delhi, welcomed the Chief Guest, Dignitaries and the officers of Ministry of Finance and ITD. While Chairman, CBDT Sushil Chandra dwelt upon the technological changes in the ITD in the recent future that have given it an edge in tackling tax evasion, the Revenue Secretary Dr Hasmukh Adhia congratulated the Income Tax Department (ITD) for new initiatives to tackle the menace of black money, including the IDS 2016 and for steps taken to augment revenue collections. Minister of State (Revenue) Santosh Kumar Gangwar congratulated the Income Tax Department for increasing its effectiveness while simultaneously ensuring that no grievances arise on the part of the (law abiding) taxpayers.