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A Platform will launch on August 13 by PM Modi to honour honest taxpayers.

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Prime Minister Narendra Modi will launch “Transparent Taxation Honouring the Honest”, a platform for honouring the country’s honest taxpayers on Thursday.

The virtual event will be witnessed by various chambers of commerce, trade associations, chartered accountants’ associations and “eminent” taxpayers, the statement issued on Wednesday said.

The 2020-21 Budget unveiled on February 1, had announced a ‘taxpayer charter’, which is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax department.

“The upcoming launch of the platform for ‘Transparent Taxation – Honoring the Honest’ by the Prime Minister will further carry forward the journey of direct tax reforms,” the Finance Ministry said in a statement on Wednesday.

The Ministry said the Central Board of Direct Taxes (CBDT) has carried out several major tax reforms in direct taxes in recent years.

Last year the Corporate Tax rates were reduced from 30 percent to 22 percent and for new manufacturing units the rates were reduced to 15 percent. Dividend distribution Tax was also abolished.

“The focus of the tax reforms has been on reduction in tax rates and on simplification of direct tax laws. Several initiatives have been taken by the CBDT for bringing in efficiency and transparency in the functioning of the I-T Department,” it said.

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 and reduce harassment, as well as increase efficiency of the department.

CBDT, which is the apex decision making body in direct tax matters, administers personal income tax and corporate tax.

“Wealth creators will be respected in this country,” she had said in her 2020-21 Budget speech.

“We wish to enshrine in the statutes a “taxpayer charter” through this budget. Our government would like to reassure taxpayers that we remain committed to taking measures so that our citizens are free from harassment of any kind,” she had said.

To facilitate better taxpayer services, CBDT has lowered the percentage of I-T returns picked up for scrutiny.

Income Tax returns (ITRs) picked up for scrutiny has reduced to 0.25 percent of the total ITRs filed in Assessment Year (AY) 2018-19, from 0.55 percent in AY 2017-18. The number was 0.71 percent in AY 2015-16 and 0.40 percent in AY 2016-17.

Taking forward faceless assessment process, the Budget also proposed to bring about “faceless appeal”.

Currently, most of the functions of the Income Tax Department starting from the filing of return, processing of returns, issuance of refunds and assessment are performed in the electronic mode without any human interface.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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