Bengaluru taxpayers are giving us buoyancy, says FM Nirmala Sitharaman

She said the Department of Revenue was running its entire national income tax assessment scheme from Karnataka's capital city.


Published Feb 28, 2024 | 8:49 PMUpdatedFeb 28, 2024 | 8:50 PM

Nirmala Sitharaman addresses the audience at the foundation-stone-laying ceremony of residential quarters 'Hongirana' of the Income Tax India at Sanjay Nagar in Bengaluru on Wednesday, 28 February, 2024.

Union Finance Minister Nirmala Sitharaman on Wednesday, 28 February, hailed Bengaluru taxpayers for their contributions in building a strong “Viksit Bharat”.

She said the Department of Revenue is running its entire national faceless income tax assessment scheme from Karnataka’s capital city.

Speaking after laying the foundation stone for the upcoming complex “HONGIRANA” for Income Tax officers and staff in Bengaluru, she said the taxpayers of Bengaluru have been absolutely giving us buoyancy, and thanked all individual and corporate taxpayers in this region for making sure to build a strong and ‘Viksit Bharat’.

Also Read: Nirmala Sitharaman, Jaishankar to contest LS polls, says Pralhad Joshi

Expresses gratitude

  • Sitharaman expressed gratitude to Bengaluru for its relentless contribution and maintaining momentum.
  • She highlighted the investments made by the Union government in Bengaluru.
  • Sitharaman mentioned the implementation of the entire system for income tax assessment and ease of doing business to prevent harassment of tax assessees and ensure transparency.
  • The department’s central processing centre, responsible for governing the income tax system nationwide, is located in Bengaluru, driving the system and contributing to ease of doing business.
  • She emphasised that money invested in Karnataka returns in various forms, including infrastructure development such as roads, connectivity, metro, rail, suburban railway system, and the development of Mangaluru port and the Kalyana Karnataka region.
  • Sitharaman highlighted the significance of Bengaluru in running the Department of Revenue’s entire national scheme, indicating the scale of investment and the pride in the manpower from Bengaluru running the system for the entire country.

(Disclaimer: South First may have reworked the headline, subheads, and format of this report along with the photos. The rest of the content is from a syndicated feed, and has been edited for style.)