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Business News: CBDT orders restructuring of I-T dept; Aims to weed out anomalies in faceless regime

CBDT orders restructuring of I-T dept; Aims to weed out anomalies in faceless regime : Rashtra News #CBDT #orders #restructuring #dept #Aims #weed #anomalies #faceless #regime The Central Board of Direct Taxes (CBDT) has constituted a task force to restructure the entire Income-tax department. The panel, which comprises 10 senior officials of the department, will ....

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Faceless Tax Assessment: Supreme Court adjourns pleas by Gandhis, AAP for faceless tax assessment; next hearing on Friday | India News

India News: The Supreme Court has adjourned the pleas filed by Congress leaders Rahul Gandhi, Sonia Gandhi, Priyanka Gandhi Vadra, AAP, and charitable trusts agai ....

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India must use Standard Audit Files for tax assessment to be 'truly faceless': Deloitte

The Indian government has called its Faceless Assessment Scheme as a key reform in the direct tax space. However, according to Deloitte India, the scheme will be ....

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'China sees PLI scheme as a threat. The govt should step on the gas'

The global order is changing, people are looking at a China Plus One strategy. India is showing a lot of potential under these circumstances. ....

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Over 82,000 faceless assessment cases completed till March 10: Anurag Thakur

Over 82,000 faceless assessment cases completed till March 10: Anurag Thakur
The minister explained that faceless tax assessments are being done for all income tax assessees, except for cases assigned to central charges or international tax charges
BusinessToday.In | March 16, 2021 | Updated 22:58 IST
Minister of State for Finance Anurag Thakur on Tuesday told Rajya Sabha that 82,072 faceless income tax assessment cases have been completed till March 10, 2021. His remark came in response to a question about the status of such assessments.
Talking about the need for faceless assessments, Thakur said, Faceless assessments have been initiated for the purposes of making assessment of total income or loss of the assessee under section 143(3) or 144 of the Income-tax Act, 1961 to impart greater efficiency, transparency and accountability by eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technological ....

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