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Tuesday, October 27, 2015

Finance Minister Arun Jaitley launches PAN camps and E-sahyog portal

Finance Minister Arun Jaitley today launched PAN camps and E-Sahyog in the national capital for settling Income Tax return claims digitally.
These two initiatives of the I-T department is expected to expedite issuance of PAN cards and paperless tax assessment.
The PAN camps around different centres in India will facilitate PAN application and further facilitate filing returns and tax collection.
The PAN camps are aimed at expanding the coverage of number of people through Permanent Account Number (PAN). Currently there are 23 crore people with PAN card.

E-Sahyog is an online mechanism to resolve mismatches in I-T assessment without requiring taxpayers attending I-T Offices. The notices to assesses would be sent to their emails.
It is expected to reduce compliance cost especially for small taxpayers.
Jaitley said, "the objective of I-T department is to make the life of assesse easy and difficult for those who evade and added that both the initiatives will make the tax filing transparent and easy.
The minister also said that the government is working on simplifying the I-T act.

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