Faceless Assessment

With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.

Central Board of Direct Taxes has said that rules have been eased to ensure that document verification of faceless assessees is done electronically.

Under the faceless assessment system, a taxpayer or an assessee is not required to visit an I-T department office or meet a department official for income tax-related businesses.

Faceless Assessment Scheme was inaugurated as Phase 1 on October 7, 2019, with 58,320 assigned cases. On August 13 this year, Prime Minister Narendra Modi launched the platform for transparent taxation.

"A faceless tax system will give the taxpayer confidence on fairness and fearlessness," PM Narendra Modi said in a video address after rolling out the ''Transparent Taxation - Honoring the Honest'' platform.

The Finance Minister reiterated that the government has over the past few years simplified the country's tax system.

Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...

Prime Minister Narendra Modi today launched a new platform to ease the compliance burden for assessees and reward the "honest taxpayer". "The country's honest taxpayer plays a big role in nation-building... A faceless tax system will give the taxpayer confidence on fairness and fearlessness," the Prime Minister said in a video address after rolling...

The I-T department has disposed of 7,116 cases under the first phase of the faceless assessment scheme

India is rolling out a "faceless tax assessment" system to forestall any discretion or harassment in tax collection, Prime Minister Narendra Modi said on Sunday as he highlighted major reform initiatives launched by his government in the financial sectors in the last five years.

Income tax assessment: The Income Tax Department has said it is working on the initiative to make the process faceless. Last year, about 2.06 lakh income tax assessments were completed in a faceless manner, according to the chairman of Central Board of Direct Taxes (DBDT), the apex policymaking body of the Income Tax Department.

With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.

Central Board of Direct Taxes has said that rules have been eased to ensure that document verification of faceless assessees is done electronically.

Under the faceless assessment system, a taxpayer or an assessee is not required to visit an I-T department office or meet a department official for income tax-related businesses.

Faceless Assessment Scheme was inaugurated as Phase 1 on October 7, 2019, with 58,320 assigned cases. On August 13 this year, Prime Minister Narendra Modi launched the platform for transparent taxation.

"A faceless tax system will give the taxpayer confidence on fairness and fearlessness," PM Narendra Modi said in a video address after rolling out the ''Transparent Taxation - Honoring the Honest'' platform.

The Finance Minister reiterated that the government has over the past few years simplified the country's tax system.

Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...

Prime Minister Narendra Modi today launched a new platform to ease the compliance burden for assessees and reward the "honest taxpayer". "The country's honest taxpayer plays a big role in nation-building... A faceless tax system will give the taxpayer confidence on fairness and fearlessness," the Prime Minister said in a video address after rolling...

The I-T department has disposed of 7,116 cases under the first phase of the faceless assessment scheme

India is rolling out a "faceless tax assessment" system to forestall any discretion or harassment in tax collection, Prime Minister Narendra Modi said on Sunday as he highlighted major reform initiatives launched by his government in the financial sectors in the last five years.

Income tax assessment: The Income Tax Department has said it is working on the initiative to make the process faceless. Last year, about 2.06 lakh income tax assessments were completed in a faceless manner, according to the chairman of Central Board of Direct Taxes (DBDT), the apex policymaking body of the Income Tax Department.