Discover and read the best of Twitter Threads about #FacelessAssessment
Most recents (4)
As we move to the next cycle of #FacelessAssessment, here’s a primer on the procedural aspects guiding the taxpayers through the compliance process, for a seamless experience.
Check out the thread below. (1/9)
Check out the thread below. (1/9)
To ensure seamless communication, taxpayers should update their contact details including e-mail ID & phone number provided to the Income Tax Department. Please access the e-filing portal incometax.gov.in regularly. (2/9)
#FacelessAssessment #EaseOfTaxCompliance
#FacelessAssessment #EaseOfTaxCompliance
If your case has been selected for scrutiny, you will receive a notice u/s 143(2) of the Income-tax Act, 1961 on the e-filing portal & registered e-mail account. File a response to the same in time. (3/9)
#FacelessAssessment #EaseOfTaxCompliance
#FacelessAssessment #EaseOfTaxCompliance
@IncomeTaxIndia @narendramodi fulfils his word to roll out the Faceless Appeal Scheme on 25th Sep on occasion of #deendayaljayanti. Distinguished features of the Scheme are:
1. There shall be National Faceless Appeal Centre , Regional Faceless Appeal Centres and Appeal units
1. There shall be National Faceless Appeal Centre , Regional Faceless Appeal Centres and Appeal units
The National Faceless Appeal Centre shall assign the appeal to a specific appeal unit in any one Regional
Faceless Appeal Centre through an automated allocation system
#FacelessAppeals #FacelessAssessment
Faceless Appeal Centre through an automated allocation system
#FacelessAppeals #FacelessAssessment
For every delay in filing an appeal beyond the statutory limit of 30 days, there shall be separate review of the reasons by the Appeal Unit and the NFAC shall intimate the appellant whether the appeal is admitted. This might result into more litigation to ITAT on non-admission.
5 Reasons why Faceless Appeals without options for Video Conferencing etc might prove to be a nightmare for taxpayers.
@nsitharaman @theicai @FinMinIndia @IncomeTaxIndia @CAclubindia @taxguru_in @itatorders
#FacelessAssessment
@nsitharaman @theicai @FinMinIndia @IncomeTaxIndia @CAclubindia @taxguru_in @itatorders
#FacelessAssessment
The major reason for tax liability in initial years of Faceless assessment would be instances arising out of communications and system lacuna and errors and then Faceless appeal would further add to the fuel with the same system shortcomings instead of coming to taxpayers' rescue
The taxpayer gets a stay of demand subject to 20% tax payment during pendency of the first appeal but after order of CIT(A), taxpayer is fastened with recovery of 100% tax so more revenue minded orders out of faceless appeals and SOPs will result into undue hardships for taxpayer
Ensuring that the Department’s efforts result in the empowerment of our taxpayers! IT Department has taken up several reforms to make tax compliance easier for our taxpayers. Our way to reward your honesty! (1/7)
#HonoringTheHonest
#HonoringTheHonest
#FacelessAssessmentScheme is our way of #HonoringTheHonest. With dynamic jurisdiction & team-based assessment you can respond to the scrutiny notice online.
No need to go to IT Office or meet local IT Officer!
Speedy completion of cases is another hallmark of the Scheme. (2/7)
No need to go to IT Office or meet local IT Officer!
Speedy completion of cases is another hallmark of the Scheme. (2/7)
Introducing #FacelessAppeals involving random allotment of cases. With electronic replies, zero physical interface of authorities & instant solutions your way, this is the newest, most convenient & easiest way to tackle your IT litigation issues. (3/7)
#HonoringTheHonest
#HonoringTheHonest
