Faceless scrutiny, appeals to ease taxpayers’ compliance burden, increase fairness in tax system: FM


NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said the
faceless tax
scrutiny assessment and appeal would help
compliance burden of
taxpayers and increase fairness and objectivity in the tax system.

Prime Minister Narendra Modi launched the platform ‘Transparent Taxation – Honoring the Honest’ which provides for launch of
faceless assessment and adoption of a taxpayer charter.

Also the Central Board of Direct Taxes (CBDT), which administers personal income tax and corporate tax, will launch
appeals beginning September 25, as part of the process
to reduce physical interface between tax officers and


“Today is a landmark day in the history of tax administration,” Sitharaman said, adding that the vision of the Prime Minister is
to empower the
to provide a transparent system and
to honour the honest

To realise this vision, the CBDT has given a framework and put in place a system in the form of this platform, a transparent efficient and accountable tax administration is what this platform brings in. It uses technology, data analytics, and also uses artificial intelligence.

“What does this mean
to the taxpayer in the country. It eases
compliance burden, it brings in fair objective and a just system, there shall not be any physical interface between the department and the tax payer and
to an extent it shall bring in certainity of Information,” she added.

She said the Income Tax department has undertaken several reforms, including lowering corporate tax rate from 30 per cent
to 22 per cent for existing manufacturing units.

In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms
to make tax
compliance easier for

“Our way
to reward your honesty!”. “#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,” the Ministry tweeted.

Tweeting with hashtag ‘HonoringTheHonest’, the Ministry said
Appeals would involve 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,” it said.

It further said that the ‘Taxpayer Charter’ is another step
to provide a transparent and taxpayer friendly tax regime and will enhance trust between taxpayer and I-T department.

Faceless Asssessment, the Ministry said, has benefits like making tax assessment fair, transparent, ensuring
ease of
compliance and improved quality of assessment.

“#FacelessAssessment & #FacelessAppeals brings greater transparency,efficiency & accountability in assessment/appellate procedure. It uses AI &data analytics,with team-based assessment & review,removing physical interface ensuring objectivity & fairness,” the Ministry said.

Source link

Articles You May Like

Second wave a downside risk for first quarter, impact to be muted: Finance ministry
Under Armour, Mosaic, XPO Logistics & more
Cathie Wood’s ARK Innovation ETF drops nearly 5% amid tech sell-off, is now off 30% from high
States must refund unemployment benefits they clawed back in error
CVS Health (CVS) earnings Q1 2021 beat

Leave a Reply

Your email address will not be published. Required fields are marked *