Page 20 - Income Tax

Compliance cost

Tax authorities must explain their data demands

Anonymous, at a distance: How faceless assessment will help taxpayers

Taxpayers will be selected for assessment and other procedures through a system that uses data analytics, artificial intelligence and machine learning.

WFH could mean higher tax for some, altering pay structure may give relief

But many expenses incurred during WFH can't be treated as non-taxable until law is amended

FinMin defends proposal to bring some expenditures under I-T scanner

Sources say burden on reporting transactions will not fall on assessees

Not taken into confidence for faceless assessment scheme: Tax officers

In a letter to the CBDT Chairman P C Mody, the association has highlighted the unease among 97 per cent of the I-T department workforce with respect to the implementation of the scheme

Why a taxpayers' charter is a non-starter

The charter is a bunch of promises, full of homily-like vision statements

CBDT undergoing significant restructuring for faceless assessment

4,224 officers have been diverted to the faceless assessment unit, leaving 2,000 in the residual jurisdiction, which will no longer carry out assessments

Under faceless assessment, all communication with taxpayers to be from NeAC

In detailed guidelines on implementation of the scheme the CBDT said, The NeAC/ReACs hierarchy will be tasked with management of Faceless Assessment proceedings

FM Sitharaman asks tax officers to make faceless appeal system a success

The faceless appeal system was also unveiled by prime minister Narendra Modi on Thursday

Taxpayer charter, faceless assessment may not always reduce torment: Expert

Unreasonable collection targets, mainly towards year end, often prompt tax official to make aggressive demands; in case of disputes, the official may favour the dept's view

Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens

In a list of proposed measures to widen the tax base, in a tweet, government said no taxpayer should be left behind in the drive to ensure better compliance and transparency

Govt modifies e-assessment scheme after PM unveils Taxpayers' Charter

The nomenclature of the scheme has now been changed to "Faceless Assessment Scheme" from the existing "E-assessment Scheme"

Govt determined to make income tax system seamless: Anurag Thakur

The government is determined to successfully implement an income tax system that is "seamless, painless and faceless", Minister of State for Finance Anurag Thakur said on Thursday. He made the comments while responding to a tweet by former Union minister and Congress leader Milind Deora that if implemented well, the faceless assessment and appeal will make India a more business friendly nation. In a major overhaul of tax administration, Prime Minister Narendra Modi on Thursday unveiled faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials. "Dear Milind, I assure you, we are determined to successfully implement the vision laid out by PM @narendramodi of a "SEAMLESS", "PAINLESS" and "FACELESS" @IncomeTaxIndia system. I look forward to your feedback!," Thakur said in a tweet. Replying to the minister, Deora said, "Good to hear that, Anurag. It's been well received by Chartered Accountants & industry, especially MSMEs. Less tax litigation ...

Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept

Your guide for Modi's taxpayers' charter and its benefits

Top headlines: PM announces Taxpayers' Charter, US relaxes H-1B visa rules

Here are the top headlines of the day

Legal heirs not bound to inform I-T dept about assessee's death, rules HC

The court reasoned that there might be instances where the deceased assessee was estranged from legal representatives or the deceased assessee might have bequeathed their wealth to charity

Faceless tax scrutiny will ease compliance burden, increase fairness: FM

In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers

PM Modi announces charter for 'fair, courteous' tax collection

"With faceless assessment, the taxpayer is assured of fair, courteous and rational behavior. Taxpayers charter is also a big step in the country's development journey," PM said

Delhi govt sends notices to over 5,500 firms for not filing tax returns

The Aam Aadmi Party (AAP) government will strictly scrutinise the reasons behind these companies not filing tax returns, Sisodia said

Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant

Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent