India spending $170M to take its tax system paperless by rebuilding three legacy systems India has decided to rebuild the platforms it offers citizens to process their taxes and make the system paperless. The initiative, called the "PAN 2.0 Project," was approved on Monday by the Cabinet Committee on Economic Affairs (CCEA), a government organization that evaluates proposals related to public investment, chaired …
PAN 1 was the original numbering system and PAN 2 is no change to the numbering system. Its making the tax assessment and data collection paperless and automated.
I am able to get all my data on the PAN system, down to what payments, made where. Other than my business books which require a P&L to be made and audited, I get almost all my income details from the Income Tax website, and my data has been absolutely safe. These are crappy databases which are being sold and cheap for a reason: its probably fake.
My aged mom gets income from interest, mutual funds and pension. With all data properly acquired from the payers, for the past 3 years her return has been generated by this system, I just review and confirm. ITs that user friendly.
My business income needs a P&L. but all other data, including Capital Gains are filled by the very Income Tax System. Of course I get to review and amend if needed, but other than the P&L all other data is absolutely right.
PAN 2 is just the very same system being enhanced.
These half baked and agenda driven reports are a fake nonsense, based on media's general hate of anything Indian.
I filed my return on 4 Oct 2024, assessment done digitally and refund given to me on 6 Dec 2024. Almost 100% of returns have been so assessed and refunds sent or demands raised: of course some people will appeal, but the fact is that huge number of returns have been processed and closed digitally, within months of filing deadline.
Ask your UK Chancellor to do that. For Western media its absolutely impossible to not abuse a good indian system.
Here in the UK HMRC will spend that on creating a 4 page document outlining its strategy to publish a statement of intent showing a roadmap to publish detailed steps in formulating a high level view of the processes involved in changing the shade of green on the logo and its environmental, cultural and social impact. These Indians aren't even trying to waste money.
"Here in the UK HMRC will spend that on creating a 4 page document outlining its strategy to publish a statement of intent showing a roadmap to publish detailed steps in formulating a high level view of the processes involved in changing the shade of green on the logo and its environmental, cultural and social impact."
Never mind that the whole thing will have to be scrapped for not being "inclusive" enough.
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