The Chairman Speaks (Hindi Version)

Income Tax India

23 Jul 202418:32

Summary

TLDRThe speaker celebrates the 165th anniversary of the Income Tax Department in India, highlighting its transformation into a taxpayer service department. They emphasize the department's achievements in revenue growth, technological adoption, and innovative initiatives. The speaker also stresses the importance of professionalism, continuous learning, and data-driven decision-making to ensure effective tax administration and compliance.

Takeaways

🎉 The script celebrates the 165th anniversary of the Income Tax Department in India, expressing heartfelt congratulations to all involved.
📊 There has been a significant increase in revenue over the past decade, growing from 6.38 lakh crore to 19.5 lakh crore in the financial year 2023-24.
💼 The department now has a vast database with over 65 crore PANs and nearly 75 lakh registered taxpayers.
🚀 More than 88.5 crore ITRs were filed in the financial year 2023-24, with the department processing tax returns and issuing refunds within 15 days of filing.
🔍 The department has transitioned from physical to e-verification, enhancing efficiency and trust among taxpayers.
🛡️ Conducted 1100 search operations in the financial year 2023-24, leading to the seizure of assets and cash worth billions of rupees, showcasing the department's vigilance against tax evasion.
🌐 The department is expanding its international presence, with the operation of the 10th foreign tax unit in Abu Dhabi and a record 125 APBs last year.
🏆 The script emphasizes the commitment to professionalism and excellence in tax administration, with a focus on continuous skill development and training for employees.
📚 A call to action for officials to prioritize upskilling through various training programs and to participate actively in the available courses.
🤝 The department aims to build a collaborative relationship with taxpayers, fostering trust and transparency in tax administration.
🌟 The script highlights the importance of understanding tax laws, business operations, and the economy to make informed and fair decisions in tax administration.

Q & A

What is the occasion being celebrated in the script?
-The occasion being celebrated is the 165th anniversary of the Income Tax Department in India.
What is the significance of the changes made by the Income Tax Department over the years?
-The changes made by the Income Tax Department over the years have been transformative, including process improvements, technology adoption, and increasing taxpayer numbers, turning it into a Taxpayer Service Department from an adversarial one.
What has been the growth in revenue over the past decade as mentioned in the script?
-Over the past decade, the revenue has grown from 6.38 lakh crore to 19.5 lakh crore in the financial year 2023-24.
How many taxpayers and what volume of data does the Income Tax Department currently manage?
-The Income Tax Department currently manages over 65 crore PANs and approximately 75 lakh tons of data.
What is the current status of the Income Tax Returns filing and refunds being issued?
-As of the script's context, more than 70 lakh updated returns have been filed, and the department is processing returns and issuing over 3 crore refunds within 15 days of filing.
What has been the approach in the field of inspection to reduce physical verification?
-The approach in the field of inspection has shifted from physical verification to e-verification, enhancing efficiency and reducing the need for physical checks.
What initiatives have been taken to increase trust among taxpayers and build a collaborative relationship?
-Initiatives such as e-verification, introduction of taxpayer-friendly policies, and the use of technology have been taken to increase trust and build a collaborative relationship with taxpayers.
What was the outcome of the 1100 search operations conducted during the financial year 2023-24?
-The 1100 search operations conducted during the financial year 2023-24 resulted in the seizure of cash and assets worth approximately 00 crore rupees.
What is the significance of the 'Prudent Approach' mentioned in the script?
-The 'Prudent Approach' signifies a professional and responsible way of functioning in the administration, focusing on decision-making based on thorough analysis and data-driven insights.
What is the importance of capacity building and continuous training for the workforce in the Income Tax Department?
-Capacity building and continuous training are essential to keep the workforce updated with changing work requirements, enhance their skills, and ensure they can effectively meet the evolving needs of tax administration.
What is the role of the Income Tax Department in promoting a non-intrusive administration?
-The role of the Income Tax Department in promoting a non-intrusive administration is to foster positive relationships with taxpayers, reduce the burden of compliance, and ensure that interactions are respectful and efficient.

Outlines

00:00

🎉 Celebration of 165 Years of the Income Tax Department

The speaker expresses heartfelt congratulations to all on the historic occasion of the 165th anniversary of the Income Tax Department. They appreciate the warm wishes from the chairman of the Central Board of Direct Taxes and acknowledge the contributions of senior and prominent members who have shaped the department. The speaker highlights the department's transformation over the years, embracing technology and focusing on customer service, moving from an adversarial tax department to a taxpayer service department. They also discuss the significant increase in revenue from 638 billion to 195 trillion in the financial year 2023-24, emphasizing the department's extensive database of over 650 million taxpayers and nearly 75 lakh tons of data. The speaker mentions the ongoing efforts to process returns and issue refunds within 15 days, with over 70 lakh updated returns filed so far. They also discuss the department's initiatives in verification, emphasizing e-verification over physical verification, and the role of these initiatives in fostering trust among taxpayers. The speaker also highlights the department's achievements in conducting search operations, resulting in the seizure of assets and cash worth billions of rupees.

05:03

📈 Emphasizing Professionalism and Skill Development

The speaker urges officials to prioritize skill development and professional growth, recognizing the need for expertise in technical proficiency, administrative, and investigative techniques. They encourage participation in various training programs and courses available through the IGAT platform, emphasizing the importance of continuous learning and skill enhancement. The speaker also stresses the need for a 50-hour mandatory training requirement for all members of the tax family, highlighting the importance of capacity building and maintaining a prudent approach in tax administration. They discuss the need for a responsive and data-driven approach in administration, ensuring decisions are based on transparency and accountability. The speaker also emphasizes the importance of understanding tax laws, business operations, and the economy to make informed decisions. They conclude by urging all to strive for excellence, dedication, and diligence in their efforts to improve public service delivery.

10:03

🌐 Focus on Effective Tax Administration and Compliance

The speaker discusses the role of the Income Tax Department in not only increasing government revenue but also leading the fight against economic crimes over the past 164 years. They emphasize the need for effective changes to be implemented with empathy, using data analysis from various sources to identify potential cases. The speaker also highlights the importance of coordination with other law enforcement agencies to identify and address potential issues. They stress the need for a guiding rather than intimidating approach, focusing on solving problems faced by taxpayers to create an environment that fosters dialogue and trust. The speaker also mentions the department's efforts in tax collection, highlighting the introduction of new transactions into the tax domain and the expansion of the department's scope. They appreciate the dedication and professionalism of the officials and employees, urging them to remain vigilant in ensuring effective tax enforcement while maintaining respect for individuals and entities involved.

15:06

🚀 Commitment to Technological Advancement and Tax Efficiency

The speaker highlights the department's commitment to technological advancement and tax efficiency, emphasizing the importance of online processes and the role of the e-filing portal as a gateway for taxpayers. They discuss the department's efforts in simplifying tax filing and refund processes, showcasing the department's progressive approach to tax administration. The speaker also mentions the department's outreach efforts, including webinars, websites, print media, and social media platforms, to gradually increase taxpayer compliance. They discuss the adoption of technology-driven processes and the importance of continuous improvement in procedures. The speaker urges all to actively contribute to the department's mission of establishing a proficient, innovative, and inclusive administration. They conclude by commending the dedication and professionalism of the officials and employees, emphasizing the importance of their contributions to the department's success and the nation's prosperity.

Mindmap

Keywords

💡Income Tax Department

The Income Tax Department is a government agency responsible for the administration of the tax laws in India. In the video's context, it is celebrating its 165th anniversary, highlighting its historical significance and the evolution of its processes over the years.

💡Reformative Changes

Reformative changes refer to the improvements and innovations made within an organization to enhance its efficiency and effectiveness. The script mentions that the Income Tax Department has undergone various reformative changes, including adopting technology and increasing taxpayer numbers, to transform from an 'Adversarial Tax Department' to a 'Taxpayer Service Department'.

💡Technology Adoption

Technology adoption is the process of embracing new technological solutions to improve services or operations. The script emphasizes the department's shift towards embracing technology, which has significantly modernized its processes and made tax administration more efficient.

💡Taxpayers

Taxpayers are individuals or entities required to pay taxes to the government. The script discusses the growth in the number of taxpayers and the department's orientation towards serving them better, showcasing a customer-centric approach.

💡Revenue Growth

Revenue growth indicates an increase in the income generated by an organization or government. The video script highlights the substantial growth in revenue from 6.38 lakh crores to 19.5 lakh crores in the financial year 2023-24, showcasing the department's success in tax collection.

💡E-Filing

E-filing is the process of submitting tax returns electronically. The script mentions the pre-filling of ITR forms and the use of e-filing portals, which have simplified the process for taxpayers and increased participation.

💡Data Analytics

Data analytics involves examining data sets to draw conclusions about the information they contain. The script refers to the use of data analytics in identifying potential tax evasion and ensuring compliance, which is crucial for the department's enforcement activities.

💡International Standards

International standards refer to the guidelines and benchmarks that are recognized and followed globally. The script mentions the department's commitment to international tax and administrative standards, reflecting its professionalism and adaptability to global practices.

💡Capacity Building

Capacity building is the process of developing the abilities and competencies of individuals or organizations. The video script stresses the importance of continuous learning and skill development for the department's workforce to keep pace with evolving responsibilities and technological advancements.

💡Transparency

Transparency in governance refers to the openness and clarity with which decisions are made and information is shared. The script discusses the importance of transparency in building trust with taxpayers and ensuring accountability in administration.

💡Customer-Centric Approach

A customer-centric approach focuses on meeting the needs and preferences of customers. The script highlights the department's shift towards a customer-centric approach in tax administration, aiming to provide services that are more responsive and supportive to taxpayers.

💡Professionalism

Professionalism refers to the conduct, aims, and qualities characteristic of a professional person or organization. The script calls for a professional approach in tax administration, emphasizing the need for expertise and efficiency in serving both citizens and businesses.

💡Data-Driven Decisions

Data-driven decisions are choices made based on the analysis of data. The script advocates for making decisions grounded in data to ensure effectiveness and efficiency in tax administration, which helps in reducing risks and enhancing the decision-making process.

💡Non-Intrusive Administration

Non-intrusive administration means conducting government operations without unnecessary interference in the affairs of citizens or businesses. The script mentions the department's efforts to create a non-intrusive tax administration that respects taxpayer privacy and autonomy.

💡E-Governance

E-governance refers to the use of information and communication technology, especially the internet, to improve access, efficiency, and effectiveness in government services. The script discusses various e-governance initiatives, such as online portals for filing returns and tracking refunds, which have transformed the tax administration landscape.

Highlights

Heartfelt congratulations to all on the 165th anniversary of the Income Tax Department.

Appreciation expressed for the contributions of the senior members who have shaped the department over the years.

Recognition of the department's transformational changes, adoption of technology, and increase in taxpayer numbers.

The department has evolved from an 'Enforcement and Adversarial Tax Department' to a 'Taxpayer Service Department'.

Revenue has increased from 6.38 lakh crore to 19.5 lakh crore in the financial year 2023-24.

The department now has a database of over 65 crore PANs and nearly 75 lakh tons of data.

More than 88.5 crore ITRs were filed in the financial year 2023-24, with refunds being issued to over 3 crore taxpayers.

Emphasis on the shift from physical verification to e-verification to enhance efficiency.

The department conducted 1100 search operations, leading to the seizure of assets and cash worth approximately 00 crore rupees.

The opening of the 10th Income Tax Foreign Unit in Abu Dhabi and achieving a record 125 APM last year.

Highlighting the importance of professional upskilling and continuous training for the workforce.

The need for a prudent approach in administration, with a focus on taxpayer service and sensitivity.

The department's role in promoting a collaborative relationship with taxpayers, building trust.

The introduction of AI and TTI reports to provide important financial information to taxpayers.

The commitment to making the tax administration non-intrusive and respectful in its interactions with taxpayers.

The department's efforts in expanding the tax base by including new transactions under the tax net.

The launch of the new tax project, which will establish advanced technology and capable infrastructure for the next 7-10 years.

The department's pride in its extensive outreach efforts, including webinars, websites, and social media platforms.

The emphasis on the importance of understanding tax laws, business operations, and the economy for effective decision-making.

The call for dedication, diligence, and data-based decisions as the cornerstone of excellence in the department.

The introduction of the e-filing portal, which has been recognized globally for its ease of use and innovative features.

The upcoming new versions of ITBA and CPC TDS, which will further enhance the efficiency of tax collection.

The commitment to establishing a technically advanced and capable administration for the nation.