What is the Faceless income tax Assessment scheme launched by PM Modi?
Team Udayavani, Aug 13, 2020, 7:24 PM IST
Prime Minister Narendra Modi today launched ‘Transparent Taxation – Honoring the Honest’ programme through a video conference. The PM launched a faceless income tax assessment and Taxpayers Charter
The PM launched Faceless Assessment and Taxpayers Charter from today while Faceless Appeal service will come into force on September 25.
What is Faceless Assessment?
Faceless Assessment scheme was launched to eliminate the human interface in the assessment system. Under the system, the selection of a taxpayer is possible only through systems using analytics and AI.
According to LiveMint, Under the system, the taxpayer will not be required to visit the income tax office or the officer and the appellate decision will be team-based and reviewed.
The system abolishes territorial jurisdiction which means a tax payer may belong to one city but the ITR may be assessed in some other city through random selection by computer.
Also, the cases will be automatically allotted on a random basis. Central issuance of notices with Document Identification No.(DNI)
Exceptions to the Faceless Assessment includes serious frauds, major tax evasions, Black Money Act, Benami property.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Don’t blame Dubai’s freak rain on cloud seeding
What role does genetics play in breast cancer? How can genetic testing help with early breast cancer diagnosis?
From Orbit to Earth: ISRO’s Contributions to Understanding Himalayan Glacial Shifts
Modi Supports Philippines with BrahMos Missiles in China Sea Dispute
LS 2024: Yet another face-off between seasoned politicians Kota Srinivas Poojary & Jayaprakash Hegde
MUST WATCH
Latest Additions
Kollegela MLA A.R. Krishnamurthy escapes unhurt in car mishap
Lok Sabha elections 2024: EC takes cognisance of MCC violation by Modi, Rahul; seeks response by April 29
Polali: Case filed against a man for molesting minor
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Lok Sabha polls 2024: Sunita Kejriwal likely to join AAP’s campaign in Delhi, will hold roadshows this weekend