The 163rd anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across the country on Sunday. In her message to the Income Tax Department, Finance Minister Nirmala Sitharaman observed that the reforms introduced by the Government in recent years have ensured a trust-based tax system. She noted that the taxpayers also have vindicated this trust-based approach as evident from the trend of improved tax collections and
increase in the number of Income Tax Returns filed.
Mrs. Sitharaman appreciated the Income Tax Department for having successfully implemented the policy reforms and for having effectively reoriented itself as a taxpayer-centric organisation. The Finance Minister complimented the Department for having achieved the highest ever revenue collection of over 14 lakh crore in the last fiscal.