Like in 1991, sometimes it takes a crisis to trigger bold reforms: Milind Deora on the new Income Tax system

Milind Deora – India’s former Minister for Telecom, IT :

  • Like in 1991, sometimes it takes a crisis to trigger bold reforms.
  • If implemented well, IncomeTax’s Faceless Assessment & Faceless Appeal scheme will eliminate harassment, increase tax compliance & make India a more business friendly country

Anurag Thakur – Union Minister of State for Finance :

  • Dear Milind, I assure you, we are determined to successfully implement the vision laid out by PM Narendra Modi of a “SEAMLESS”, “PAINLESS” and “FACELESS” Income Tax system.
  • I look forward to your feedback !

Milind Deora:

  • Good to hear that, Anurag.
  • It’s been well received by Chartered Accountants & industry, especially MSMEs.
  • Less tax litigation & harassment is good for business productivity, growth & jobs

Pic Courtesy : Mr Milind Deora

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