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National News

Sep 12, 2019

Govt decides not to serve income tax notices directly to taxpayers

Government has decided not to serve Income Tax notices to the tax payers directly. Addressing a press conference in Ahmedabad yesterday, Union Minister Ravi Shankar Prasad said, from next month, notices will first go to a centralized system for examination and scrutiny and then only move further. With this the unfettered discretion of Income Tax officers will not be there anymore, he said.

Mr Prasad said, even though the GDP growth rate during last quarter had come down to 5.1 percent, the fundamentals of the Indian economy are strong. He said, inflation and fiscal deficit are well under control, while Forex reserve and FDI along with tax base and collection have all seen a rise. Mr Prasad said, the government has also taken pro-active measures like infusing funds for banking and housing sectors and merger of banks etc to improve the economy.

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