Finance Minister Nirmala Sitharaman proposes taxpayer charter in Budget speech, says wealth creators will be respected

Finance Minister Nirmala Sitharaman said that the government won’t let taxpayers be harassed at the hands of officials. “We wish to enshrine in the statutes a taxpayer charter through this Budget. Our government remains committed to taking measures to ensure that our taxpayers are free from tax harassment of any kind,” Sitharaman said in her budget speech.

Finance Minister Nirmala Sitharaman said that the government won’t let taxpayers be harassed at the hands of officials.

People watching live telecast of Union Budget 2020 by Finance Minister Nirmala Sitharaman at a showroom in Mumbai on Saturday. (Satish Bate/HT Photo)

“We wish to enshrine in the statutes a taxpayer charter through this Budget. Our government remains committed to taking measures to ensure that our taxpayers are free from tax harassment of any kind,” Sitharaman said in her budget speech.

She also proposed amendments to Companies Act that will take away criminal penalties for civil acts.

“Wealth creators will be respected in this country,” she added.

The Finance Minister also said that a clean, reliance and robust financial system is needed for the growth of the country.

Sitharaman is likely to offer some tax incentives in its 2020/2021 budget on Saturday, aiming to get growth back up from its lowest in a decade.