Three-fourths of top taxpayers back Standard Audit File for Tax, Tax E-Wallet: Deloitte survey
Standard Audit File for Tax (SAF-T) for efficient and faster audit process and compliance monitoring, according to a survey released by Deloitte India on Tuesday.
Further, 67% supported the introduction of tax e-wallet, which would allow for prompt credit of taxpayers’ refunds on order issuance, enabling adjustments against outstanding demands or future income tax liabilities.
“The government’s progress in digitalisation is already reshaping the tax landscape, enhancing the ease of doing business and driving efficiencies that taxpayers highly appreciate,” said Rohinton Sidhwa, Partner at Deloitte India.
«The 2024 Budget’s focus on ‘Viksit Bharat’, with a strong emphasis on innovation and R&D (research and development), seeks to continue the transformative change in tax administration,» he added.
The report titled ‘Income Tax Digitalisation in India 2.0’ covered over 250 industry professionals from industries, such as technology, financial services, consumers, government and public services.
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