Praising on Prime Minister Narendra Modi's assurance to the common man to put an end to tax terrorism, Confederation of Indian Industry (CII) has said that the mention of tax compliance undoubtedly acknowledges the need for reforms in tax administration.
“The mention of tax administration and compliance clearly acknowledges the need for reforms in tax administration and we are delighted that the next logical step in efficient tax system is being attempted," CII director general Chandrajit Banerjee was quoted as saying in media reports.
In his Independence Day speech from the Red Fort in the national capital on Monday, Modi said the common people are more scared of income tax officials than the police, adding that his government will change this.
"The middle class is more bothered about tax than the police. This situation needs to change ... I will change it," Modi said.
The Centre’s scorecard on governance and development achievements is truly commendable and CII welcomes the Prime Minister's strategy of "Reform, Perform and Transform", Banerjee said.
Modi’s call that everyone has a role to play is encouraging to all sections of industry, CII said.