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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 empowe...

October 8, 2020 1818 Views 0 comment Print

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 ...

September 27, 2020 2592 Views 0 comment Print

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 ...

September 21, 2020 2127 Views 0 comment Print

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 resubmis...

September 21, 2020 3138 Views 1 comment Print

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 an...

September 6, 2020 9510 Views 1 comment Print


Latest News


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

Income Tax : Explore Income Tax Department's Taxpayer's Charter 2020, detailing its vision, mission, and service standards. Learn about obligat...

December 26, 2023 3399 Views 0 comment Print

Differences between current & Faceless Assessment scheme

Income Tax : Article explains Differences between current scheme & Faceless Assessment scheme, Constitution of ReACS, Consequences of No Re...

August 29, 2020 2733 Views 0 comment Print

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...

August 16, 2020 1152 Views 0 comment Print

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) Reductio...

August 14, 2020 2172 Views 0 comment Print

‘ट्रांसपैरेंट टैक्सेशन: ऑनरिंग द ऑनेस्ट’

Income Tax : ईमानदार करदाताओं को प्रोत्साहन और कर प्रणाली में...

August 14, 2020 1893 Views 2 comments Print


Latest Notifications


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

Income Tax : Faceless Appeal Scheme has been implemented in ITBA and the allocation of cases to Faceless Appeal units is under progress. A numb...

October 19, 2020 2637 Views 0 comment Print

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

Income Tax : With the launch of the Faceless Appeal Scheme, 2020, the Income Tax Department is moving towards minimal interface with maximum go...

October 14, 2020 2121 Views 0 comment Print

CBDT notifies Income-tax Authorities of Regional Faceless Appeal Centres

Income Tax : Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification ...

September 25, 2020 2061 Views 0 comment Print

CBDT notifies Income-tax Authorities of National Faceless Appeal Centre

Income Tax : Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification...

September 25, 2020 8439 Views 0 comment Print

CBDT Launches Faceless Income Tax Appeals

Income Tax : The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be final...

September 25, 2020 2121 Views 0 comment Print


ITR Filing Compliance Check Functionality for Scheduled Commercial Banks

September 2, 2020 2016 Views 0 comment Print

The data on cash withdrawal indicated that huge amount of cash is being withdrawn by the persons who have never filed income-tax returns. To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 w.e.f. 1st July, 2020 further amended Income-tax Act, 1961 to lower the threshold of cash withdrawal to Rs. 20 lakh for the applicability of TDS for the non-filers and also mandated TDS at the higher rate of 5% on cash withdrawal exceeding Rs. 1 crore by the non-filers.

India’s Income Tax Taxpayers Charter 2020

September 2, 2020 3144 Views 0 comment Print

‘Transparent Taxation- Honoring the Honest’ is the extended version or a modified model of the E-assessment Scheme 2019 introduced by the Government of India in September 2019. This module brings out the honest and rightful duties of the taxpayers and states the expectations to be fulfilled in their respective parts. The CBDT (Central Board of […]

Income Tax- Faceless e-Assessment Scheme

September 2, 2020 876 Views 0 comment Print

Income Tax- Faceless e-Assessment Scheme To bring relief to honest tax payers, this system is introduced by our Honourable Prime Minister, Shri Narendra Modi Ji. PM, in his speech on August 13, 2020, unveiled “Transparent Taxation – Honouring the honest” platform for faceless assessment, appeal, and taxpayer charter. In the current assessment scheme, the tax […]

Relevance of Drafting Skills Under the Faceless Income Tax Era

August 31, 2020 6012 Views 3 comments Print

The Income Tax Department has been progressing in technology since the year 2006, when the E-filing of Income Tax Return forms was introduced and since than there is no looking back. Right from Income Tax return forms to the recent and newly proposed Faceless Appeals process, the Taxman has come a long way to be tech savvy and productive.

Faceless Assessment

August 31, 2020 3825 Views 3 comments Print

Some technical aspects of faceless assessment 1. It is electronic mode procedure, no need to go department. 2. No Human interface 3. This is applicable on section 143(3) and 144. 4. Cases to be allocated to assessment units in a random manner 5. Central Cell to be the single point of contact between taxpayer and […]

Taxpayer’s Charter – Income Tax

August 31, 2020 3117 Views 0 comment Print

On 13 August 2020, between much pomp and fanfare, Prime Minister Modi announced the new Transparent Taxation platform i.e. the new way forward for the Central Board of Direct Taxes. The main idea behind the Transparent Taxation platform is ‘faceless’ assessments and faceless appeals. Further, the Prime Minister promised that the tax administration would attempt […]

E- Assessment / Faceless Assessment

August 30, 2020 7284 Views 4 comments Print

E-ASSESSMENT SCHEME, 2019 NOTIFICATION NO. 61, DATED 12.9.2019 NOTIFICATION NO. 62/2019, DATED 12.9.2019 (Directions for giving effect to Income Tax E-assessment Scheme, 2019 by sub-section (3B) of section 143 of the Income-tax Act, 1961) In exercise of the powers conferred by sub-section (3A) of section 143 of the Income-tax Act, 1961 Govt. INTRODUCED a scheme […]

Differences between current & Faceless Assessment scheme

August 29, 2020 2733 Views 0 comment Print

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 System Faceless Assessment System 1. Case Selection through a) […]

Faceless E-Assessment Scheme is a vaccine for direct tax administration

August 29, 2020 525 Views 0 comment Print

The newly introduced Faceless –E-Assessment Scheme will bring about various benefits for taxpayers, one of which is Ease of Doing Business, stated Shri Patanjali Jha, Principal Chief Commissioner of Income Tax, Mumbai.

Corrigendum to Income Tax Notification No. 65/2020 dated 13.08.2020

August 27, 2020 1752 Views 0 comment Print

Corrigendum to Income Tax notification number 65/2020 dated 13.08.2020  issued vide Notification No. 70/2020-Income Tax, Dated: 27.08.2020 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 27th August, 2020 (Income-tax) Notification No. 70/2020-Income Tax S.O. 2904(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue, […]

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