Jaitley launched two tax-payer friendly initiatives
Arun Jaitley launched two taxpayer eSahyog and PAN camps friendly measures with a view to streamlining the taxation procedure.
e-Sahyog is aimed at reducing compliance cost, especially for small taxpayers. It is to provide an online mechanism to resolve mismatches in I-T returns of taxpayers whose returns have not been selected for scrutiny, without visiting the I-T Office.
PAN camps :
PAN camps are aimed at expanding the coverage of number of people through Permanent Account Number (PAN). While 23 crore PAN card have been issued, only 5 crore people file income tax returns.
- The expansion of Number of PAN card holders would help the government implement the budget proposal of mandatory quoting of PAN for cash transaction of Rs 1 lakh.
- On Oct 27, 2015 CBDT inaugurated 43 PAN camps.
- Rs 70,600 crore has been paid as refund so far in current fiscal.
Finance Minister : Arun Jaitley