Get rewards from the government if you are paying Taxes on time

Get rewards from the government if you are paying Taxes on time

Get rewards from the government if you are paying Taxes on time : A committee has been set-up under the Central Board of Direct Taxes to dra

authorCA Deepak GuptadateOct 9, 2018
Last update on Oct 9, 2018
Get rewards from the government if you are paying Taxes on time :A committee has been set-up under the Central Board of Direct Taxes to draw up a scheme which will encourage a habit of compliance with tax rules. Some of the Reward Schemes like a cup of tea with the state governor, priority check-in at the airport, passports on priority, dedicated toll lanes, airport lounge access etc.. could be offered to exemplary taxpayers. Government officials toldThe Economic Timesthat a committee has been set-up under the Central Board of Direct Taxes to draw up a scheme which will encourage a habit of compliance with tax rules. While there have been many operations and schemes by the government to curb black money including amendments to the Benami Transactions Act and crackdown on tax evaders, there was a need to recognise honest citizens of India as the number ofincome tax return filings are increasing.
Reward programmes set-up by other countries will be taken as a reference by the committee.Tax filers will not be selected on the basis of the amount of tax they pay, but criteria like regularity in filing and not having been penalised in any respect in the past. This is similar to a scheme called Samman by the Income Tax Department which was discontinued in 2004.
source: ET
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