Income Tax : Faceless Appeal Scheme, 2020 under Income Tax Act 1961. was notified by the Ministry of Finance on 25th. September 2020. To empowe...
Income Tax : The CBDT is launching the Faceless Assessment in various direct & indirect tax procedures from today as announced earlier ...
Income Tax : In the series of tax reforms, the Prime Minister Narendra Modi has on 13th August, 2020 announced some reformative measure during ...
Income Tax : Much has been said about the process as to how faceless e-assessments will happen from now onwards. Paper submissions and resubmis...
Income Tax : Introduction ♠ The Hon’ble PM Shri Narendra Modi dreamed of corruption free India taking help of Information and Technology an...
Income Tax : Explore Income Tax Department's Taxpayer's Charter 2020, detailing its vision, mission, and service standards. Learn about obligat...
Income Tax : Article explains Differences between current scheme & Faceless Assessment scheme, Constitution of ReACS, Consequences of No Re...
Income Tax : On 13th August 2020, Honourable Prime Minister Narendra Modi has enunciated a platform to tribute the honest taxpayers of the...
Income Tax : The CBDT has carried out several major tax reforms in direct taxes in the recent years, which includes the following: (i) Reductio...
Income Tax : ईमानदार करदाताओं को प्रोत्साहन और कर प्रणाली में...
Income Tax : Faceless Appeal Scheme has been implemented in ITBA and the allocation of cases to Faceless Appeal units is under progress. A numb...
Income Tax : With the launch of the Faceless Appeal Scheme, 2020, the Income Tax Department is moving towards minimal interface with maximum go...
Income Tax : Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification ...
Income Tax : Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification...
Income Tax : The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be final...
ईमानदार करदाताओं को प्रोत्साहन और कर प्रणाली में पारदर्शिता बढ़ाने के लिए प्रधानमंत्री नरेंद्र मोदी ने एक नए और महत्वपूर्ण प्लेटफॉर्म की शुरुआत की इस प्लेटफॉर्म का नाम ‘ट्रांसपैरेंट टैक्सेशन: ऑनरिंग द ऑनेस्ट’ दिया गया है. इस अवसर पर प्रधानमंत्री नरेंद्र मोदी ने कहा कि ये प्लेटफॉर्म 21वीं सदी के टैक्स सिस्टम की शुरुआत है, […]
Key notes of Launching of ‘Transparent Taxation – Honoring the Honest’ by the Hon’ble Prime Minister Shri Narendra Modi on 13th August, 2020 at 11 A.M. under The Constitution of India Tax laws are highly complex, complicated and beyond understanding of a tax-payer, in the consequently the revenue authority guided / directed to implanting authority […]
A 20 point Taxpayer Charter was launched by the Prime Minister which promises to maintain the privacy and confidentiality of income taxpayers and to reduce the cost of compliance with the tax laws. The Income Tax department adopted the taxpayers’ charter w.e.f. August, 13, 2020, which mentions that it is committed to treat every taxpayer as honest, […]
Prime Minister Narendra Modi has launched the platform for ‘Transparent Taxation – Honouring the Honest’ on 13/08/2020 via Video Conferencing. In the past 6 years, India has witnessed the evolution of a new governance model in tax administration. Govt have decreased – complexity, taxes, litigation, and increased – transparency, tax compliance, and trust on the […]
Prime Minister’s Office Prime Minister Narendra Modi launches platform for ‘Transparent Taxation – Honouring the Honest’ Tax system aims to be Seamless, Painless, Faceless : PM Says the number of taxpayers is significantly low with only 1.5 Crore paying taxes in a country of 130 Crore people Prime Minister urges people to introspect and come […]
The assessment shall be made as per the following procedure, namely:— (i) the National e-Assessment Centre shall serve a notice on the assessee under sub-section (2) of section 143, specifying the issues for selection of his case for assessment;
National e-assessment Centre shall assign the case selected for the purposes of e-assessment under this Scheme to a specific assessment unit in any one Regional e-assessment Centre through an automated allocation system;
Launching Platform For Transparent Taxation- Honoring The Honest By PM Shri Narendra Modi Prime Minister Narendra Modi will launch the platform for ‘Transparent Taxation – Honoring the Honest’ on 13/08/2020 via Video Conferencing. Govt. has taken several measures from reducing tax rates to ease of compliance. The launch of the platform will further carry forward […]
The CBDT has carried out several major tax reforms in direct taxes in the recent years. Last year the Corporate Tax rates were reduced from 30 percent to 22 percent and for new manufacturing units the rates were reduced to 15 percent. Dividend distribution Tax was also abolished.
