BQ Prime
Measures introduced by the government to simplify and automate the taxation regime have raised the trust factor among taxpayers towards the Income Tax Department, according to a survey by CII.
About 87% of the individual respondents and 89% of firms said that the process of claiming income tax refund was convenient, the Confederation of Indian Industry survey revealed. Over 90% of the respondents, both individuals and enterprises, said that that ITR refund gets automatically generated after filing the ITR, it said.
The survey, presented to Finance Minister Nirmala Sitharaman, revealed that 83% of the surveyed individuals and 85% of firms shared an increased trust with the Income tax department.
