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FACELESS TAXATION
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- Simplify whole system of business taxation, says NITI Aayog member Arvind VirmaniResponding to a question on how he would compare the performance of the UPA government's ten years (2004-14) and the Prime Minister Narendr...
- FM extends faceless mechanism to tax dispute resolution as wellThe Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, was introduced in Lok Sabha last year. It proposes...
- View: The gaping loopholes in India's faceless penalty scheme and how to plug themIn order to make the faceless penalty scheme be effective, it is, therefore, important that the allocation of cases is proper. FPS envisage...
- Govt introduces faceless penalty schemeThe scheme, notified on Wednesday, specifies setting up of national faceless penalty centres, regional penalty centres, penalty units and r...
- Government operationalises 'Faceless Income Tax Appeals' systemPrime Minister Narendra Modi on August 13, while launching the faceless assessment and taxpayers' charter as part of "Transparent Taxation ...
- Lok Sabha passes taxation bill to provide reliefs for taxpayersThe Bill will replace the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March. Among others, t...
- Government looks to extend faceless assessment scheme to 8 more I-T proceedingsBesides, faceless collection and recovery of tax, faceless revision and effect of orders and faceless approval or registration are proposed.
- Big Data to track tax frauds? Govt lens on big deals, stock purchasesWe are getting data not only domestically, but also from 98 other countries with whom we have tax treaties. These will help streamline the ...
- I-T dept prepares to implement faceless income tax appeals from September 25: Finance secretaryThe department is studying whether cases of penalty and transfer pricing could be included in the faceless regime, he said when asked about...
- Finance Secretary says legacy cases, appeals too will be handled under new ‘faceless’ regimeSpeaking at a webinar on ‘Faceless Taxation’ jointly organised by ETMarkets and Ficci, Dr Pandey said taxpayers would not have to go to the...
- Finance Secretary to detail faceless taxation at ETMarkets-Ficci eventThe government’s latest tax reforms may not have created much of a buzz, but tax experts and policy analysts say this marks a watershed mom...
- View: A platform to honour honest taxpayers will strengthen compliance and broaden tax baseThe platform lays down the framework for big reforms such as faceless assessment, faceless appeal, and taxpayers’ charter, with focus on pr...
- CBDT sets up 30 assessment centres in 20 cities as part of new faceless taxation programThe structural change has been brought into immediate effect, and closely follows directives under the Transparent Taxation platform launch...
- Faceless approach to taxation: FM apprises I-T officers of their increased responsibilityIndia was setting an example for the world in use of technology in delivery of better services to its taxpayers, she is learnt to have comm...
- PM Modi launches Transparent Taxation platform to benefit honest taxpayersThree main features of the platform are faceless assessment, faceless appeal and tax payers' charter, the PM announced.
- Government determined to make income tax system 'seamless, painless, faceless': MoS ThakurIn a major overhaul of tax administration, Prime Minister Narendra Modi on Thursday unveiled faceless tax assessment and appeals to reduce ...
- Faceless tax assessment to promote transparency, empower honest taxpayers: India Inc"The platform lays down the framework for big reforms such as faceless assessment, faceless appeal, and taxpayers charter and will greatly ...
- Many landmark decisions by Modi government to empower, honour honest taxpayers: Amit ShahThe Prime Minister on Thursday unveiled a faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials...
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