Head Retail Research, HDFC Securities
The launch of the platform for "Transparent Taxation - Honoring the Honest" by the Prime Minister on Aug 13 will incentivise tax payers to be more honest and transparent in their filings and lead to gradual rise in direct tax collections. They will enjoy the benefits of relatively less documentation and greater ease of compliance, increased liquidity and flexibility of investment choices. Faceless assessments and appeals will give confidence to the taxpayer of fairness and fearlessness.