Income Tax Department To Honour Honest Taxpayers
Listen to this Article
CBDT, the apex the policy-making body of the Income Tax Department, has created four broad categories of taxpayers for the purpose - large, regular, compliant, and diligent taxpayers.
Such people will be issued commendation certificates by CBDT under the signature of its chairperson.
Officials said the policy to honour "honest and compliant" taxpayers has been revived after decades with the Union Finance Ministry clearing the proposal by obtaining approvals from the top.
As per the scheme, to honour such diligent taxpayers it is expected that while a chosen few will be honoured by physically awarding certificates by Union Finance Minister Arun Jaitley, the rest will be sent these commendations by CBDT over email.
The certificates, apart from saying 'thank you', will commend the taxpayers for honestly making their contributions towards the progress of the country.
Officials said the plan was in the making for quiet sometime now "because it was felt that there are many enforcement measures to detect and haul up tax evaders, but none to honour the compliant taxpayers", who have been paying their taxes honestly for years all together.
"Hence, it has been decided that honest and diligent taxpayers will be honoured and made to feel proud about the contributions they have made till now in the progress of the country," they said.
CBDT had also discussed the revival of this initiative during the Tax Administrators conference that was held here early this year and as part of the follow-up it had asked regional I-T heads to select the names of "good taxpayers" from their respective jurisdictions.
While the exact figures of the total number of taxpayers who will be honoured is not known, officials said these numbers would be few lakhs.
Such a scheme has been run by the I-T department few decades back but it was shunned after some large taxpayers complained about getting threats from criminal elements.
The award will honour those who have paid the maximum income tax (without disclosing the figure), promptness in making advance tax payments and consistency in paying I-T dues, they said. #casansaar (PTI - NDTV Profit)
Category : Income Tax | Comments : 0 | Hits : 712
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax on time, or paying less than the required amount, may attract interest charges that continue to accumulate. As the Income Tax Act operates on a “pay as you earn” basis, being aware of advance tax provisions and the financial impact of delays can help you avoid unnecessary costs and last-...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax on time, or paying less than the required amount, may attract interest charges that continue to accumulate. As the Income Tax Act operates on a “pay as you earn” basis, being aware of advance tax provisions and the financial impact of delays can help you avoid unnecessary costs and last-...
As many as 5,44,205 appeals were pending resolution with the Income Tax (IT) Department at commissioner (appeals) level as of January 31 this year, and 63,246 at various Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court, FE has learnt. To be precise, the cases pending in ITATs were 20,266 High Courts, 37,436; and Supreme Court 5,544. The large pendency is even as the Central Board of Direct Taxes (CBDT) has laid emphasis on disposing of income tax appeals in its 10...
The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available on the e-filing portal from 1st April, 2024 onwards for taxpayers to file their Returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onwards. As ...
It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that the new regime under section 115BAC(1A) was introduced in the Finance Act 2023 which was as under as compared to the existing old regime (without exemptions): New Regime 115BAC (1A) introduced for FY 2023-24 Existing old Regime 0-3 lacs 0% 0-2.5 lacs 0% ...


Comments