Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and reduced litigation at the 167th Income Tax celebrations in New Delhi today

Union Finance Minister Smt. Nirmala Sitharaman, addressing the 167th Income‑Tax Day, highlighted the implementation of the Income‑tax Act, 2025 as a landmark reform that simplifies the law, cuts compliance costs and boosts ease of doing business. She introduced the ‘5Rs of Responsive Tax Governance’ – Recognise, Respond, Redress, Reflect and Reform – as a framework to make tax administration fair, transparent and taxpayer‑centric, and called for greater tax certainty to shift focus from litigation management to litigation prevention. The Minister also announced six publications covering international taxation, FATCA/CRS guidance, crypto‑asset reporting and the APA programme, and underscored technology‑driven initiatives such as PAN 2.0, ITBA 2.0, IEC 3.0 and the SAKSHAM NUDGE framework.