CBDT plans paperless I-T assessment over emails
PrintListen to this Article
The Central Board of Direct Taxes (CBDT) has rolled out a pilot project whereby e-hearing would be conducted in 100 cases.
"This would eliminate the necessity of visiting the income-tax offices by the taxpayers, particularly in smaller cases involving limited issues and where taxpayer is able to provide details required by the assessing officer without necessitating his physical presence," the apex direct taxes body said in a directive to field officers.
Pilots would be conducted in Mumbai, Delhi, Bengaluru, Ahmedabad and Chennai for non-corporate cases.
The NDA government has promised a 'fair, predictable and stable' tax regime in the country.
Prime Minister Narendra Modi himself, in an interaction with the CBDT chief and revenue secretary some time back, had emphasised the need to improve the department's interface with taxpayers. He had suggested cutting down on physical interface of taxpayers with tax authorities as that itself is sometimes seen as harassment and switch over to e-hearing scenario.
Tax experts welcomed the CBDT initiative.
Tax authorities have overtime gained an image that they harass and terrorise taxpayers and the board has undertaken a number of efforts to shed that tag. It has already asked tax officials not to give multiple appointments to taxpayers for any interaction as also to avoid roving enquiry in case of a scrutiny.
The board is taking steps to develop a dedicated standardised platform for electronic-interface with taxpayers.
Cases selected for scrutiny based on information in annual information return or mismatch in tax deducted at source would be taken up as part of this exercise. Tax authorities would obtain prior consent of taxpayers before taking up their case in the pilot.
At present, the department conducts scrutiny of up to 2% of the total number of tax returns filed on these parameters through a random selection by computer-aided scrutiny selection system. (Economic Times)
Category : CBDT | Comments : 1 | Hits : 855
The Central Board of Direct Taxes (CBDT), has issued Circular No. 07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) upto 30th June, 2024. CBDT had earlier extended the due date for filing Form 10A/ Form 10AB by trusts, institutions and funds multiple times to mitigate genuine hardships of the taxpayers. The last such extension was made by Circular No. 06/2023 extending the date to...
Certain instances of mismatch of information as filed by the taxpayer and as available with the Income Tax Department have come to the notice of the Department as part of its routine exercise of verification of data. In such cases, the Department has alerted the taxpayers to enable them to take corrective action. However, some posts on social media, as well as articles in the media, have highlighted enquiries initiated by the Central Board of Direct Taxes (CBDT) in cases where employees have mad...
The Central Board of Direct Taxes (CBDT) has said the Income Tax department can file appeals irrespective of monetary threshold in cases relating to TDS/TCS, undisclosed foreign income, or information received from investigating agencies like ED and GST Intelligence. As per the present rules, tax authorities are allowed to file appeals before the ITAT, High Court and Supreme Court, if the disputed tax demand exceeds Rs 50 lakh, Rs 1 crore and Rs 2 crore, respectively. These thresholds were fi...
Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in specified sub-clauses of section 10 (23C) of the Income-tax Act, 1961 (the ‘Act’) or any trust or institution registered under section 12AA/12AB of the Act is exempt, subject to fulfilment of certain conditions specified under various sections of the Act. One of the conditions required to be fulfilled by the tru...
Central Board of Direct Taxes (CBDT) on Monday ordered withdrawal of small tax demands that finance minister Nirmala Sitharaman had announced in her FY25 budget speech to improve ease of living. CBDT said that tax demand up to ?25,000 for assessment year up to 2010-11 and demands up to ?10,000 from the next year up to assessment year 2015-16 will be extinguished. However, any criminal action initiated or planned under any law will not be dropped. Any tax demand raised against taxes collect...
Comments
manish parekh
21-Oct-2015 , 12:22:02 pmFirstly with implementation of on-line returns & on-line refunds, the lower level harassment ( read corruption) was minimised. Now with this step of e-assessments, the next level’s harassment will be reduced (hopefully!) Although the officers are not following the CBDT circular no. 7/2014 dated 26.09.2014 wherein CBDT had instructed officers to restrict the scrutiny to AIR/CIB information for CA