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FACELESS TAX SYSTEM
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...
- No more hush-hush: Tax portal opens door to misconduct complaintsThe Income Tax portal now allows taxpayers to report misconduct. A new tab enables complaints against officers for sexual harassment or bri...
- FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
- EEPC India bats for 'faceless' GST audit systemThe Engineering Export Promotion Council (EEPC) in India has proposed a faceless GST audit system to enhance ease of doing business. This s...
- 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...
- Govt introduces faceless penalty schemeThe scheme, notified on Wednesday, specifies setting up of national faceless penalty centres, regional penalty centres, penalty units and r...
- 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.
- 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 ...
- 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.
- Customs to roll out pan-India faceless assessment for all imports by October 31"Board has decided to roll out the Faceless Assessment at an all India level in all ports of import and for all imported goods by October 3...
- 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...
- 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...
- 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...
- 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...
- 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 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 ...
- Government to revamp procedure for tax assessmentThe suggestion for jurisdiction-free, faceless assessment had first come from an internal task force of CBDT.
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