Quantcast
  • Commercial’s Understanding of Faceless Income Tax E-Assessment Scheme for Taxpayers Under Income Tax Laws by Ram Dutt Sharma

For decades the assessment was done by local jurisdictional officer. The idea of faceless E-assessment was mooted in the Budget 2018 by the late Finance Minister, ArunJaitely, who announced the proposal to introduce the new assessment scheme to replace the old assessment system of manual scrutiny and face-to-face interaction with tax authorities.

The finance ministry has notified the E-assessment Scheme 2019 on 12.09.2019 for conducting faceless scrutiny assessment of Income tax returns. Further, it states that all communications with tax payers and among assessment centres etc. will be purely electronic; communications to be digitally authenticated; and most importantly assessees will not have to make personal appearance at centres.

Conduct of assessment proceedings through the e-proceedings facility may help in the speedy completion of scrutiny assessment. It will save time and efforts of visiting the tax office. The Scheme will have dedicated E-assessment centres such as the National E-assessment Centre, Regional E-assessment Centre, assessment units, verification units, technical units and reviewer units with each centre and unit having a clearly defined role and process to follow.

This Book serves as a ‘reference guide’ to help and assist the taxpayers, professionals and department in their e-assessment work.

Write a review

Note: HTML is not translated!
    Bad           Good

Commercial’s Understanding of Faceless Income Tax E-Assessment Scheme for Taxpayers Under Income Tax Laws by Ram Dutt Sharma

  • Rs395.00
  • Rs394.00


Related Books

Xcess Infostore's e-Assessment and Income Tax Scrutiny & Assessment Procedure & Maintenance of Books of Account, Documents & Records by CA. Virendra K. Pamecha

Xcess Infostore's e-Assessment and Income Tax Scrutiny & Assessment Procedure & Maintenance of Books of Account, Documents & Records by CA. Virendra K. Pamecha

The book contains all about Income Tax Scrutiny, i.e.:How to maintain proper recordsReturn of Income..

Rs540.00

Xcess Infostore's Capital Gains from Penny Stocks – How to Detect (bogus) LTCG and Case Law on Assessment and Re-Assessment and Appeal

Xcess Infostore's Capital Gains from Penny Stocks – How to Detect (bogus) LTCG and Case Law on Assessment and Re-Assessment and Appeal

This presentation is in two parts. The first part is related to cracking the code of bogus LTCG fr..

Rs60.00

Commercial's Escapement of Income Under Income Tax Law by Ram Dutt Sharma

Commercial's Escapement of Income Under Income Tax Law by Ram Dutt Sharma

Escapement of income chargeable to tax is a subject with very wide dimensions. Assessing Officers ..

Rs424.00 Rs425.00

Taxmann's Guide to e-Assessmnet with Real Time Case Studies & Suggestive e-Submissions by Mayank Mohanka

Taxmann's Guide to e-Assessmnet with Real Time Case Studies & Suggestive e-Submissions by Mayank Mohanka

This book is a ready-referencer for the tax practitioners who assist clients in e-assessments. Thi..

Rs795.00