The Chairman Speaks (Hindi Version)

Summary

The 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.