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analyze in detail the transparent taxation platform “Transparent Taxation – Honoring the Honest” that was launched recently in the country.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

3. analyze in detail the transparent taxation platform “Transparent Taxation – Honoring the Honest” that was launched recently in the country. (250 words)

 Reference: The Big Picture: Transparent Taxation, Honoring the Honest

Why the question:

Recently Prime Minister Shri Narendra Modi launched a platform for “Transparent Taxation – Honoring the Honest”.

Key Demand of the question:

One has to analyse the significance and relevance of the platform in detail.

Directive:

AnalyzeWhen asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.

Structure of the answer:

Introduction:

Briefly present the taxation system in the country.

Body:

The Transparent Taxation Platform:

  • It is aimed at bringing transparency in income tax systems and empowering taxpayers.
  • The main features of the platform are faceless assessment, faceless appeal and taxpayer charter.
  • The faceless assessment and taxpayer charter will come into place immediately from the launch, while the faceless appeal is going to be applicable from 25th September 2020.
  • Faceless Assessment: It aims to eliminate human interface between the taxpayer and the income tax department.
  • There will be no need for the taxpayer to visit the income tax office or the officer.
  • The selection of a taxpayer is possible through systems using analytics and Artificial Intelligence.
  • Faceless Appeal: Under the system, appeals will be randomly allotted to any officer in the country. The identity of the officer deciding the appeal will remain unknown.
  • Taxpayer Charter: This outlines the rights and responsibilities of both tax officers and taxpayers.

Conclusion:

Conclude with significance.