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Finance minister Jaitley pitches for lower tax rates

THE ASIAN AGE
Published : Dec 26, 2016, 12:25 pm IST
Updated : Dec 26, 2016, 12:40 pm IST

Jaitley tells new batches of IRS officers that tax authorities are judged by quality of what they decide.

Finance Minister Arun Jaitley. (Photo: PTI)
 Finance Minister Arun Jaitley. (Photo: PTI)

Mumbai: Finance Minister Arun Jaitley on Monday strongly backed lower tax rates in country as the $2 trillion world’s fifth largest economy widens its tax base.

Jaitley was speaking at the inaugural session of professional training for new batches of Indian Revenue Service officers in Faridabad near New Dehi.

Finance Ministry quoted Jaitley as saying, “Taxes have to be globally competitive. Many economies while they develop, payment of taxes is part of citizens' duty."

He added that officers to have a high level of integrity, honesty, sincerity and do hard work with eagerness to learn new things.

He exhorted tax authorities to reciprocate tax payers who pay their dues on time voluntarily with a tax friendly administration.

Tags: arun jaitley, irs, revenue service, tax men, tax payers
Location: India, Maharashtra, Mumbai (Bombay)