1. Business

Centre plans to digitally filter I-T notices before issuing to assessees

The Union Regulation Minister, Ravi Shankar Prasad on Thursday knowledgeable that the Centre is engaged on a plan to carry digital processes in issuance of tax notices in order to cut back the pointless harassment for the assesses with better transparency.

Addressing a media gathering in Ahmedabad, Prasad mentioned, “The Centre has taken a very important decision. From October 2, 2019 onwards, the tax notices will not be issued directly by the assessing officials. The (proposed) notices will first go into a digital system, which will further examine the notice and it will only be issued to the assessee if found proper.”

Earlier the tax assessing officers used to straight difficulty the discover to the assessee in case of a question or mismatch within the returns filed.

“Now the assessing officer will not issue directly to the assessees. There will be Central digital pool, where the notices will first land and based on the digital evaluation of the notice, the Centre will take a decision,” added Prasad, who was on the town to rejoice and share the achievements of the Modi-2 authorities’s 100 days in energy.

Prasad claimed credit score in bringing ease of doing enterprise and the federal government’s method, by such digital initiatives to make it extra people-oriented.

“As a Telecom Minister, I am happy to share with you that we have launched a broadband mission, under which we plan to penetrate into villages and remote parts of India with broadband connection. We aim to have broadband connection at every corner of the country by 2022. The work is under progress,” he added.

In regards to the Economic system

On the financial entrance, Prasad acknowledged that the basics of the financial system stay robust with all key indicators exhibiting energy. “I admit 5.1 per cent GDP growth for first quarter. But the fundamentals of Indian economy remain strong… On employment front the EPFO data shows that between September 2017 and June 2019, total enrollment was 2.54 crore people. Total 19.99 crore number of Mudra loans have been given with disbursement of Rs 9.84 lakh crore. Nasscom data shows IT sector employs about 40 lakh directly, of which 8.7 lakh were added in last five years.”


When requested in regards to the NSSO knowledge exhibiting unemployment fee hitting a four-decade excessive at 6.1 per cent, Prasad acknowledged that it was a draft report of NSSO and personally he believed that the information was defective because it did not think about different employment avenues within the Info Know-how (IT) area, cellular manufacturing and so on.

“We can’t assure a government job to everyone. But we can create the opportunities for employment. And employability, which is more important aspect in the debate on employment, is being addressed through various initiatives here,” he added.

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