Why in the news?
- Central Board of Direct Taxes (CBDT) launched the second NUDGE initiative to strengthen the voluntary compliance of foreign assets.
NUDGE Campaign of CBDT
- What is it?:
- It uses behavioural insights (“nudge theory”) to encourage voluntary tax compliance rather than coercive enforcement.
- Part of India’s broader push toward non-intrusive, technology-driven, trust-based tax administration.
- Objectives:
- Increase voluntary tax compliance.
- Expand the tax base, especially among high-value transaction individuals.
- Reduce tax gap (difference between potential & actual collections).
- Promote trust-based governance through non-coercive methods.
- Encourage timely filing, accurate reporting, and responsible financial behaviour.
- Key Features:
- Data-driven Compliance: Uses AI/analytics, SFT (Statement of Financial Transactions) data, GST data, TDS/TCS, and financial footprints to identify Non-filers, Under-reporting cases, Mismatch between income & expenditure etc.
- Soft Communication: Sends polite, informative messages to taxpayers and no notices or penalties initially.
- Non-intrusive Compliance Management: Prioritises self-correction by taxpayers and allows them to respond online, explain, or file return.
- Integration with e-Campaign / Compliance Portal: Taxpayers can view mismatches & respond digitally and thereby reduce physical interface.
- Benefits:
- For Taxpayers:
- Avoids penalties through early voluntary compliance.
- Easy online verification of mismatches.
- Enhances ease of compliance.
- For Government:
- Boosts revenue without aggressive enforcement.
- Reduces litigation & administrative burden.
- Builds a culture of compliance.
- Supports transparent, digital governance.
- For Taxpayers:
Source: Press Information Bureau