Budget 2024 needs to decide if faceless assessment is revolutionising tax landscape or creating hurdles?Union Budget 2024 Tax: The eagerly awaited Union Budget 2024 in India brings focus to refining the faceless assessment scheme, crucial for ...
13 Jul, 2024, 11.18 AM IST
Court route in faceless scheme gets more taxingGaurav Singhal, partner at the tax boutique firm Heads Up Consulting, said, “It is proposed to omit the specific provision that helped seve...
03 Feb, 2022, 11.28 AM IST
Faceless assessment scheme to ensure transparent system: CII surveyThe survey also said that over 70 per cent of the respondents felt that the scheme has resulted in saving their time as compared to the ear...
15 Aug, 2021, 12.38 PM IST
I-T department issues 3 email IDs for registering grievances under faceless assessment schemeThe IT department issued a message on its official Twitter handle. The tweet said that this move was being introduced to improve taxpayer s...
09 Aug, 2021, 02.45 PM IST
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...
01 Feb, 2021, 12.49 PM IST
Robust IT infrastructure needed for implementing faceless appeals scheme: PwCA robust IT infrastructure, the PWC report released on Tuesday said, was needed so that taxpayers can submit requisite documents.
08 Dec, 2020, 05.58 PM IST
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.
18 Sep, 2020, 10.25 PM IST
CBDT deploys two-third of its workforce for faceless assessment schemeFaceless Assessment Scheme was inaugurated as Phase 1 on October 7, 2019, with 58,320 assigned cases. On August 13 this year, Prime Ministe...
13 Sep, 2020, 05.02 PM IST
I-T dept closely monitoring implementation of faceless assessment schemeAssuaging concerns of the industry on how a taxpayer would explain his/her position to the I-T department, Pandey said the provision of vid...
04 Sep, 2020, 10.35 PM IST
Income Tax Department to intimate taxpayers under scrutiny about faceless assessmentCBDT had earlier this month notified the NeAC for all communication with taxpayers under the faceless assessment scheme. Since August 13, a...
28 Aug, 2020, 06.52 PM IST
CBDT chief meets I-T officers, seeks to assuage concern over faceless assessment hierarchyChairman P C Mody underlined the fact that the faceless assessment scheme's implementation would not cause any large-scale movement of offi...
19 Aug, 2020, 04.49 PM IST
Lack of clarity over restructuring under faceless assessment scheme leads to chaosThe Central Board of Direct Taxes (CBDT) sub-sections are working on identifying officers that will be moved to different locations as part...
17 Aug, 2020, 06.56 PM IST
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...
14 Aug, 2020, 11.52 PM IST
Search and seizure, international tax cases out of faceless assessment ambit: CBDTThe CBDT, which administers personal and corporate income tax, directed that "all assessment orders shall hereafter be passed by National e...
13 Aug, 2020, 05.48 PM IST
Delhi, Mumbai Customs to start faceless cargo assessment from August 3"Board has decided to begin the 2nd phase of All India rollout of faceless assessment w.e.f. August 3, 2020, by including Delhi and Mumbai ...
02 Aug, 2020, 12.06 PM IST
Income tax e-assessment helpline phone number, email IDThe helpline phone number and email ID launched by the income tax department will help the taxpayers to get assistance regarding the income...
30 Jan, 2020, 12.51 PM IST
Faceless e-assessment scheme for taxpayers launchedTaxpayers will no longer be subjected to physical scrutiny, can file all documents online under new scheme.
08 Oct, 2019, 04.44 PM IST