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FACELESS TAX REGIME
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respond- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27
- Encourage compliance rather than enforcement: Highlights from FM Sitharaman's Income Tax Day speech
- Finance Minister Nirmala Sitharaman praises Bengaluru for tax buoyancy, but says money comes back to State tooFinance Minister Nirmala Sitharaman praised Bengaluru tax payers for their contributions and the Department of Revenue's national faceless ...28 Feb, 2024, 08.39 PM IST
- Behind the Income Tax dept's tax evasion scrutinyThe Central Board of Direct Taxes, the administrative body for the tax department, undertakes search and seizure operations to check instan...26 Aug, 2022, 01.55 PM IST
- CBDT forms task force to overhaul Income Tax departmentCBDT has given a seven-point agenda to the task force. They include restructuring the department and rationalising national and regional e-...28 Dec, 2021, 11.47 PM IST
- 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...28 Dec, 2021, 05.27 PM IST
- Delhi High Court stays show cause notice by I-T dept under faceless assessment regimeThe Delhi High Court said the submission that there was a breach of principles of natural justice appears to be prima facie correct. The co...07 May, 2021, 11.41 PM IST
- CBDT disposes of over 1 lakh cases under faceless assessmentAs per CBDT data, the department has allocated 57,985 legacy cases and 136,000 new cases, out of which it has been able to dispose of 46,82...08 Apr, 2021, 06.35 AM IST
- Faceless GST assessment being weighedThe move will be along the lines of the facility for assessment of income tax and customs and is expected to make adjudication and scrutiny...23 Feb, 2021, 07.01 AM IST
- 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...22 Jan, 2021, 11.42 PM IST
- Govt introduces faceless penalty schemeThe scheme, notified on Wednesday, specifies setting up of national faceless penalty centres, regional penalty centres, penalty units and r...13 Jan, 2021, 03.07 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
- 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...04 Sep, 2020, 10.47 PM IST
- 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...04 Sep, 2020, 08.02 PM IST
- View: Marry faceless regime with virtual tax hearingThe apex body, Central Board of Direct Taxes (CBDT), under the ministry of finance, has agreed to examine the suggestion made in the course...03 Sep, 2020, 07.56 PM IST
- 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...03 Sep, 2020, 05.27 PM IST
- Taxpayers need not disclose high-value transactions in income tax return“There is no such proposal to modify income tax returns forms,” a finance ministry official said, in response to reports on expansion of st...18 Aug, 2020, 09.47 AM IST
- Faceless scrutiny, appeals to ease taxpayers' compliance burden, increase fairness in tax system: FMModi launched the platform 'Transparent Taxation – Honoring the Honest' which provides for launch of faceless assessment and adoption of a ...13 Aug, 2020, 01.30 PM IST
- Govt mulls big-ticket direct tax reforms; zero contact, GSTN-like backbone on the cardsUnder the new regime that is in advance stage of preparation there will be zero physical interface between taxpayers and officials, cutting...31 Jul, 2020, 09.08 AM IST
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