Faceless assessment a welcome step for all taxpayers
August 14, 2020
Processing all tax assessments in a technology-driven and faceless manner is set to provide a huge compliance remedy to businesses even as giving profits tax department officials extra time to concentrate on complex areas of taxation, stated industry representatives, and specialists.
The Central Board of Direct Taxes (CBDT) issued separate orders to the impact that apart from positive particular cases, all assessment orders are to be issued under the faceless evaluation scheme and that profits-tax surveys can only be sanctioned by pinnacle officers managing research and tax deducted at supply.
While the tax department procedures bulk of the returns in an automatic manner, a few may additionally want clarifications and the degree of deep-dive needed may range. Some returns are selected for scrutiny. Now, most tests which include scrutiny cases can be under the faceless scheme.