Faceless Appeal Scheme Not Available in Serious Fraud, International Tax Cases
4 years, 1 month ago

Faceless Appeal Scheme Not Available in Serious Fraud, International Tax Cases

News 18  

The Income Tax faceless appeal scheme is not available in cases relating to serious fraud, major tax evasion, international tax and those under black money Act and benami property, the Finance Ministry said on Wednesday. The faceless appeal scheme was launched on September 25 and provides a fully faceless procedure for appeals to Commissioner. However, cases relating to serious frauds, major tax evasion, sensitive and search matters, international tax, black money Act and benami property are not covered under the scheme, it added. Listing out the steps taken by the tax department, the Office of Finance Minister in a series of tweets said in order to make tax compliance more convenient, pre-filled Income tax Return forms have been provided to individual taxpayers.

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CBDT launches faceless income tax appeals
4 years, 3 months ago

CBDT launches faceless income tax appeals

India TV News  

The Central Board of Direct Taxes on Friday launched the Centre's much-publicised reform measure of faceless income tax appeals. Under faceless appeals, all income tax appeals will be finalised online under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive and search matters along with international tax and the Black Money Act. On …

Govt Launches 'Faceless Income Tax Appeals' System, All You Need to Know
4 years, 3 months ago

Govt Launches 'Faceless Income Tax Appeals' System, All You Need to Know

News 18  

The government on Friday issued a notification operationalising ‘Faceless Income Tax Appeals’ system which seeks to honour honest taxpayers of the country and promote transparency in tax collection. 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 and …

Govt Looks to Extend Faceless Assessment Scheme to 8 More I-T Proceedings
4 years, 3 months ago

Govt Looks to Extend Faceless Assessment Scheme to 8 More I-T Proceedings

News 18  

The government has proposed to extend the faceless assessment scheme to almost all proceedings under the income tax law, including for collection and recovery of tax and gathering of information. The Taxation and Other Laws Bill, 2020, introduced in the Lok Sabha on Friday proposes to extend faceless assessment scheme to at least eight processes in income tax law. Currently, …

‘Faceless assessment system will not displace tax officials’: CBDT chairman
4 years, 4 months ago

‘Faceless assessment system will not displace tax officials’: CBDT chairman

Hindustan Times  

Central Board of Direct Taxes chairman PC Mody has assured income-tax officials that the faceless assessment scheme will not result into either a large-scale transfer of taxmen or reduction in existing resources of the income-tax department, two officials said. Prime Minister Narendra Modi on August 13 announced three key structural tax reforms under the ‘Transparent Taxation - Honouring the Honest’ …

What is faceless appeal, faceless assessment as part of BIG Ticket tax reforms: All you need to know
4 years, 4 months ago

What is faceless appeal, faceless assessment as part of BIG Ticket tax reforms: All you need to know

India TV News  

Prime Minister Narendra Modi on Thursday announced a number of Income Tax reforms to further digitise the tax-paying system and add more transparency. Image Source : @IANURAGTHAKUR What are Faceless Appeals announced by PM Modi as part of new tax reforms? Image Source : @IANURAGTHAKUR What are Faceless Assessments as announced by PM Modi as part of new tax reforms …

What is ‘faceless’ tax assessment? All you need to know
4 years, 4 months ago

What is ‘faceless’ tax assessment? All you need to know

Hindustan Times  

While launching a new tax scheme on Thursday to honour and encourage honest taxpayers, Prime Minister Narendra Modi said the platform for “Transparent Taxation – Honoring the Honest” offers big reforms such as faceless assessment, faceless appeal, and taxpayers charter. “Faceless assessment and taxpayers charter come in force from today, whereas faceless appeal service will be available from September 25,” …

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