India needs globally compatible tax rates: Jaitley

He told the young revenue service officers that in coming future decades they should see that voluntary tax compliance has to increase in India.

“And the mindset of the tax payer (should be) that payment of legitimate taxes is a responsibility and then it should be reciprocated by you with a confidence in the tax payer. The tax payer is to be trusted, except when it’s proven otherwise.

And therefore only in those select cases, very objectively selected, you go in for a wider audit or a wider scrutiny itself,” Jaitley said.

From Agencies, Feature image courtesy ndtvimg