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News INCOME TAX

  • Jul 05, 2019
  • Budget 2019: 'Faceless assessment' for tax filing gets thumbs up from Sitharaman

    Finance minister Nirmala Sitharaman proposed the introduction of "Faceless Assessment", which means that there will be no human intervention while scrutinising the tax return. The aim of a faceless assessment is to cut down the interaction between taxpayer and income tax officer. Faceless assessment or scrutiny means that the assessing officer will not know the identity of the tax payer and would use technology to scrutinise details of the tax payer. The government has handed the task of coming up with a framework to a high-level committee on dircet taxes.