Business Standard

Page 2 - Income Tax Assessment

Faceless assessment: Rules for authentication of e-records submission eased

The finance ministry on Tuesday said electronic records submitted through registered account of taxpayers in the income tax portal shall be deemed to have been authenticated by the taxpayer by EVC

Faceless assessment: Rules for authentication of e-records submission eased
Updated On : 07 Sep 2021 | 11:27 PM IST

Targeting taxpayers

Tax department should not issue notices indiscriminately

Targeting taxpayers
Updated On : 22 Jul 2021 | 10:39 PM IST

Centre mulls Ordinance for past tax assessment as litigation mounts

Many assessees have challenged reassessment notices under old law

Centre mulls Ordinance for past tax assessment as litigation mounts
Updated On : 21 Jul 2021 | 6:10 AM IST

Faceless assessment may put an end to people dodging income tax notices

Revenue department identifies people who have ignored notices calling for enquiry and verification of tax returns.

Faceless assessment may put an end to people dodging income tax notices
Updated On : 24 Dec 2020 | 7:58 PM IST

CBIC clears air on faceless assessment issues

The CBIC has decided that all Saturdays (except second Saturday) will be working days for all the faceless assessment groups (FAGs) and port assessment groups (PAGs) across the country

CBIC clears air on faceless assessment issues
Updated On : 19 Oct 2020 | 1:32 AM IST

CBDT clamps down on coercive assessment, tax recovery measures by officers

Says recovery surveys be resorted to only if assessee is not responding to notices, can only be undertaken by those in investigation or TDS wing of tax dept

CBDT clamps down on coercive assessment, tax recovery measures by officers
Updated On : 17 Oct 2020 | 2:04 AM IST

Faceless I-T appeal system kicks off today, leaves out fraud and evasion

FinMIn says will benefit both assessees and I-T department, critics say personal hearing required in complex cases

Faceless I-T appeal system kicks off today, leaves out fraud and evasion
Updated On : 26 Sep 2020 | 12:29 AM IST

In pics: All about faceless income tax assessment starting from today

While Faceless Assessment and Taxpayers Charter came in force from August 13, income-tax appeals are all set to go faceless from today, September 25

In pics: All about faceless income tax assessment starting from today
Updated On : 25 Sep 2020 | 5:49 PM IST

CBDT deploys two-third of its workforce for faceless assessment scheme

According to officials, Regional e-Assessment Centre (ReAC) has also been increased to 34 from 8 earlier

CBDT deploys two-third of its workforce for faceless assessment scheme
Updated On : 13 Sep 2020 | 5:46 PM IST

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.

Anonymous, at a distance: How faceless assessment will help taxpayers
Updated On : 20 Aug 2020 | 12:07 AM IST

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

FM Sitharaman asks tax officers to make faceless appeal system a success
Updated On : 15 Aug 2020 | 1:03 AM IST

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 modifies e-assessment scheme after PM unveils Taxpayers' Charter
Updated On : 14 Aug 2020 | 12:49 AM IST

How to claim income tax deduction for investments made in April - July 2020

One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21

How to claim income tax deduction for investments made in April - July 2020
Updated On : 02 Jul 2020 | 4:48 PM IST

I-T tribunal stays tax demand against Tata Education and Development Trust

The Rs 100-crore tax demand on Tata Education and Development Trust was raised last year by the I-T department owing to cancellation of registration on past exempted income.

I-T tribunal stays tax demand against Tata Education and Development Trust
Updated On : 19 Jun 2020 | 3:07 AM IST

Govt notifies revised Form 26AS, to have purchase info of shares, property

Easing taxpayer compliance, the annual information statement has been subsumed in the Form 26AS

Govt notifies revised Form 26AS, to have purchase info of shares, property
Updated On : 29 May 2020 | 1:24 AM IST
Updated On : 03 Jan 2020 | 11:39 PM IST

Journey of faceless e-assessment starts; I-T dept identifies 58,322 cases

Though the system is called faceless, it would have a room for inviting tax payers through video conferencing

Journey of faceless e-assessment starts; I-T dept identifies 58,322 cases
Updated On : 08 Oct 2019 | 1:05 AM IST

Centre for I-T e-assessment to be based in Delhi; CBDT issues order

The Centre will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax as its chief

Centre for I-T e-assessment to be based in Delhi; CBDT issues order
Updated On : 22 Sep 2019 | 11:30 PM IST

Non-filers will have 21 days to file I-T returns, submit response: CBDT

The 21-day time period would be from the date of receiving e-mail or SMS from the I-T Department regarding non-filing of tax returns

Non-filers will have 21 days to file I-T returns, submit response: CBDT
Updated On : 22 Jan 2019 | 7:17 PM IST

Modi's plan to stop tax evasion: Top 500 Indian cos may face scrutiny

The e-assessment system will require the information technology wing of the direct tax office to undergo a major revamp

Modi's plan to stop tax evasion: Top 500 Indian cos may face scrutiny
Updated On : 05 Dec 2017 | 5:43 PM IST