Finance Minister Nirmala Sitharaman, while presenting her budget on Saturday, highlighted the government’s decade-long efforts in implementing tax reforms to enhance taxpayer convenience. Key measures include faceless assessment, the taxpayer charter, and faster processing of returns, with nearly 99% of returns being based on self-assessment. Reaffirming the tax department’s approach of “trust first, scrutinize later,” she emphasized the continued commitment to easing compliance.
Additionally, she announced that a new income tax bill will be introduced next week, furthering the government’s reform agenda.
