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FACELESS ASSESSMENTS
Piyush Goyal sets March 2027 deadline for digitisation of DGFT services, aims to end physical visitsCommerce Minister Piyush Goyal has set March 31, 2027, as the deadline for complete digitisation of DGFT services, including licence, permi...- FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...
- GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek ChaturvediVivek Chaturvedi, Chairman of CBIC, emphasized the importance of reducing compliance burdens for GST taxpayers. During a recent meeting, va...
- GST reforms 2026: Govt plans faceless, centralised CGST system for 2 lakh multi-jurisdiction taxpayersGST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards a centralised, faceless tax admini...
- Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...
- GST Council to focus on auto refunds, swifter ITC, fewer noticesThe government is preparing to transition the GST regime toward a trust-based tax administration. This shift includes introducing sweeping ...
- Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interfaceThe Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to reduce direct inte...
- India’s international trade in times of AIThe Age of AI needs trade governance that deploys natural intelligence in conjunction with artificial intelligence for a quantum jump in sp...
- BRICS economies must shape global tax rules for next generation, says FM SitharamanFinance Minister Nirmala Sitharaman said BRICS countries need to ensure their views are reflected in the new global tax rules, as decisions...
- Supreme Court stays Punjab and Haryana HC judgment in JAO tax notice caseMany individuals and companies had moved various high courts challenging proceedings initiated directly by JAOs. In April, the SC, while he...
- ITR filed under old tax regime by mistake, income tax paid under new regime: How a lady won case in ITAT DelhiFiled ITR under the old tax regime but paid income tax under the new tax regime; ladywins case in ITAT Delhi after proving her accountant m...
- Supreme Court to hear Centre's plea on I-T reassessment orderThe Supreme Court is preparing to address a crucial appeal from the government on Friday, challenging a recent High Court order from Punjab...
- SC to hear Centre’s plea against HC ruling on income tax reassessmentThe Supreme Court will hear a government appeal on Friday. This appeal challenges a High Court judgment striking down Section 147A. This se...
- HC strikes down retrospective tax law amendment; over 2 lakh taxpayers get relief, all eyes on Supreme CourtThe high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around two lakh taxpayers. ...
- Tax reforms drive 1.32 crore updated returns, Rs 16,083 crore additional tax: CBDT memberUpdated income tax returns have increased significantly over four years. New tax regime adoption shows strong uptake among taxpayers filing...
- Parliamentary panel flags compliance glitches on new income tax act, seeks more data from CBDTA parliamentary committee has identified compliance issues with the new Income Tax Act. They are seeking detailed data from the CBDT on its...
- 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...
- CBDT orders restructuring of I-T dept; Aims to weed out anomalies in faceless regimeThe Central Board of Direct Taxes (CBDT) has constituted a task force to restructure the entire Income-tax department. The panel, which com...
- CBIC measures from July 15 to improve faceless assessment in customs"With a view to facilitating faster decisions and, in turn, faster verification of self-assessment as well as to promote specialization and...
- 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...
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