Transparent Taxation

The Pivotal Role of Appeal Unit under Faceless Appeal Scheme, 2020

Income Tax - Faceless Appeal Scheme, 2020 under Income Tax Act 1961. was notified by the Ministry of Finance on 25th. September 2020. To empower the income tax department in conducting faceless assessments till the disposal of faceless Appeals the Government is taking various initiatives/steps by changing the existing processes/procedures via a contin...

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Initiation of Faceless Assessment Procedures

Income Tax - The CBDT is launching the Faceless Assessment in various direct & indirect tax procedures from today as announced earlier as promulgated by Prime Minister Narendra Modi as the income-tax appeals are all set to go faceless from Friday. Further, the income tax department has already enunciated PAN-India faceless assessment facil...

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Honouring the Honest – Transparent Taxation

Income Tax - In the series of tax reforms, the Prime Minister Narendra Modi has on 13th August, 2020 announced some reformative measure during launch of ‘Transparent taxation honouring honest’ platform like faceless assessment, faceless appeal process and tax payer’s charter. Faceless Assessment and Taxpayer’s Charter is implemented with immed...

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Faceless Assessments under Income Tax Act-Few Cautions

Income Tax - Much has been said about the process as to how faceless e-assessments will happen from now onwards. Paper submissions and resubmissions, personal hearings, networking with the department, etc. etc. are going to be history in near future. We as professionals have faced all the challenges be it transition from manual accounting to simple co...

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Income Tax Faceless Assessment Procedure

Income Tax - Introduction ♠ The Hon’ble PM Shri Narendra Modi dreamed of corruption free India taking help of Information and Technology and conceived the idea of Digital India. ♠ In a national Conclave of Tax officials, he desired to introduce a faceless assessment scheme with a view to help honest taxpayers and impart greater efficiency, trans...

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Differences between current & Faceless Assessment scheme

Income Tax - Article explains Differences between current scheme & Faceless Assessment scheme, Constitution of ReACS, Consequences of No Response by Taxpayer and Functions of each of Assessment Unit, Verification Unit, Review Unit & Technical Unit which are approved by respective Range Heads. CURRENT Vs FACELESS ASSESSMENT Present Assessment S...

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Launch of ‘Transparent Taxation’ system on Income Tax Portal

Income Tax - On 13th August 2020, Honourable Prime Minister Narendra Modi has enunciated a platform to tribute the honest taxpayers of the country and ensuring awareness about honest tax payment in India. The inauguration of the “Transparent Taxation” program happened at 11 am through video conferencing. The “Transparent Taxation”...

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Taxpayer’s Charter- Obligations & Expectation of Income Tax Dept.

Income Tax - TAXPAYER’S CHARTER THE INCOME TAX DEPARTMENT   is committed to 1. provide fair, courteous, and reasonable treatment The Department shall provide prompt, courteous, and professional assistance in all dealings with the taxpayer. 2. treat taxpayer as honest The Department shall treat every taxpayer as honest unless there is a reas...

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Transparent Taxation, Honouring the honest: Key announcement by PM Modi

Income Tax - The CBDT has carried out several major tax reforms in direct taxes in the recent years, which includes the following: (i) Reduction in corporate tax to 22% from 30% for existing companies and 15% for new manufacturing units. (ii) Abolition of dividend distribution tax (iii) Simplification of compliance norms for startups (iv) Settlement o...

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‘ट्रांसपैरेंट टैक्सेशन: ऑनरिंग द ऑनेस्ट’

Income Tax - ईमानदार करदाताओं को प्रोत्साहन और कर प्रणाली में पारदर्शिता बढ़ाने के लिए प्रधानमंत्री नरेंद्र मोदी ने एक नए और महत्वपूर्ण प्ल...

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ITBA Appeal Module for pending appeals to be allocated to Faceless Appeal Units

ITBA-Faceless Appeals Instruction No –1 - (19/10/2020) - Faceless Appeal Scheme has been implemented in ITBA and the allocation of cases to Faceless Appeal units is under progress. A number of requests have been received from the field formation for opening of the Appeal module in ITBA to enable the CIT (Appeals ) to upload the physical records and submis...

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CBDT assigns role of Pr.CCsIT (Jurisdictional) and Pr. CCIT (NFAC)

F No. 187/3/2020-ITA-I - (14/10/2020) - With the launch of the Faceless Appeal Scheme, 2020, the Income Tax Department is moving towards minimal interface with maximum governance. In order to effect the same, the National Faceless Appeal Centre (hereafter referred to as NFAC), Delhi has been created under Principal Chief Commissioner of I...

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CBDT notifies Income-tax Authorities of Regional Faceless Appeal Centres

Notification No. 81/2020-Income Tax [S.O. 3309(E)] - (25/09/2020) - Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification No. 81/2020-Income Tax dated 25th September, 2020. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) Notification No. 81/2020-Income Tax New Del...

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CBDT notifies Income-tax Authorities of National Faceless Appeal Centre

Notification No. 80/2020-Income Tax [S.O. 3308(E)] - (25/09/2020) - Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification No. 80/2020-Income Tax dated 25th September, 2020. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) Notification No. 80/2020-Income Tax New De...

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CBDT Launches Faceless Income Tax Appeals

NA - (25/09/2020) - The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, Internatio...

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Recent Posts in "Transparent Taxation"

ITBA Appeal Module for pending appeals to be allocated to Faceless Appeal Units

ITBA-Faceless Appeals Instruction No –1 (19/10/2020)

Faceless Appeal Scheme has been implemented in ITBA and the allocation of cases to Faceless Appeal units is under progress. A number of requests have been received from the field formation for opening of the Appeal module in ITBA to enable the CIT (Appeals ) to upload the physical records and submissions made by the appellant in the syste...

Read More

CBDT assigns role of Pr.CCsIT (Jurisdictional) and Pr. CCIT (NFAC)

F No. 187/3/2020-ITA-I (14/10/2020)

With the launch of the Faceless Appeal Scheme, 2020, the Income Tax Department is moving towards minimal interface with maximum governance. In order to effect the same, the National Faceless Appeal Centre (hereafter referred to as NFAC), Delhi has been created under Principal Chief Commissioner of Income-tax (NFAC) and 4 Regional Faceless...

Read More

The Pivotal Role of Appeal Unit under Faceless Appeal Scheme, 2020

Faceless Appeal Scheme, 2020 under Income Tax Act 1961. was notified by the Ministry of Finance on 25th. September 2020. To empower the income tax department in conducting faceless assessments till the disposal of faceless Appeals the Government is taking various initiatives/steps by changing the existing processes/procedures via a contin...

Read More
Posted Under: Income Tax |

Initiation of Faceless Assessment Procedures

The CBDT is launching the Faceless Assessment in various direct & indirect tax procedures from today as announced earlier as promulgated by Prime Minister Narendra Modi as the income-tax appeals are all set to go faceless from Friday. Further, the income tax department has already enunciated PAN-India faceless assessment facil...

Read More
Posted Under: Income Tax |

CBDT notifies Income-tax Authorities of Regional Faceless Appeal Centres

Notification No. 81/2020-Income Tax [S.O. 3309(E)] (25/09/2020)

Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification No. 81/2020-Income Tax dated 25th September, 2020. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) Notification No. 81/2020-Income Tax New Delhi, The 25th September, 2020 S.O. 3309(E...

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CBDT notifies Income-tax Authorities of National Faceless Appeal Centre

Notification No. 80/2020-Income Tax [S.O. 3308(E)] (25/09/2020)

Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification No. 80/2020-Income Tax dated 25th September, 2020. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) Notification No. 80/2020-Income Tax New Delhi, The 25th September, 2020 S.O. 3308(...

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CBDT Launches Faceless Income Tax Appeals

NA (25/09/2020)

The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, International tax and Black Money Act. Necessary G...

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CBDT authorises ACIT/DCIT (NEAC) for issuing 143(2) Notice

Notification No. 79/2020-Income Tax/S.O. 3304(E) (25/09/2020)

CBDT authorises the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre) for the purpose of issuance of notice under sub section (2) of section 143 of the Income Act, 1961.vide Notification No. 79/2020-Income Tax dated 25th September, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DI...

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Notification No. 78/2020-Income Tax, Dated: 25.09.2020

Notification No. 78/2020-Income Tax/S.O. 3303(E) (25/09/2020)

CBDT amends Notification No. 51/2014 dated 22nd October, 2014 vide Notification No. 78/2020-Income Tax dated 25th September, 2020 related to jurisdictions of Principal CITs & CCITs. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 78/2020-Income Tax New Delhi, the 25th September, 2020 S.O. 3...

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Directions for Disposal of appeal under Faceless Appeal Scheme, 2020

Notification No. 77/2020- Income Tax [S.O. 3297(E).] (25/09/2020)

For the purposes of giving effect to the Faceless Appeal Scheme, 2020 made under sub-section (6B) of section 250 of the Act, the Central Government hereby makes the following directions, namely:-...

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