Finance Minister asks Income Tax Officers to trust the assesseesFinance Minister Arun Jaitley has said the government's intention is to keep a "moderate" taxation rate and emphasized that the tax department needs to start trusting the assessees. He also said that all grey areas are being made clearer when it comes to taxation and the tax department. Mr. Jaitley has also assured that the communication with the tax officials will be more eased. The Finance Minister has stated that in the last few months, procedures have been simplified and the "assessees have never seen such an easy and friendly approach of the taxation department". His remarks also come against the backdrop of various initiatives being taken to ensure that the taxation system becomes more friendly towards taxpayers.
After the announcement of the Finance Minister, it can be expected that the Income Tax authorities will be more co-operative to the assessees who try to file the returns honestly but make some technical or procedural lapse.