Business Standard

Tuesday, December 24, 2024 | 03:01 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

When every Indian pays tax, I-T officers may not be needed: Minister

The number of taxpayers in the country has increased in the last eight years, says Jitendra Singh

When every Indian pays tax, I-T officers may not be needed: Minister
Premium

Union Minister Jitendra Singh at an event to mark the 75th year of independence

Karthik Jerome New Delhi
India’s tax compliance will improve as the economy is freed up to grow, said Union Minister Jitendra Singh at an event on Wednesday to mark the 75th year of independence

“The economy has to develop, you cannot regulate it,” said Singh, minister of state for science and technology. When every Indian starts paying tax, there might not be a need for an income tax officer.

The Income Tax Department has evolved along with society, marking changes in the economic behaviour of people. “We are an evolving society. No single aspect can evolve in isolation,” said Singh, citing the importance of behavioural economics.

The

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in