Finance Minister Nirmala Sitharaman emphasized the government’s commitment to building a trust-based tax regime, asserting that the word of taxpayers holds paramount importance.
Speaking at a recent event, Sitharaman highlighted the government’s focus on reducing litigation and enhancing taxpayer confidence. “The tax assessee’s word is final for us. Trust is the foundation of our tax system, and that’s what we aim to foster,” she stated.
The Finance Minister’s remarks underscore a shift toward a more taxpayer-friendly environment, with initiatives aimed at simplifying tax compliance and reducing bureaucratic hurdles. Experts have welcomed this approach as a significant step toward building a more transparent and efficient tax system.
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