Page 45 - Latest Updates on Income tax
Anonymous, at a distance: How faceless assessment will help taxpayers
Taxpayers will be selected for assessment and other procedures through a system that uses data analytics, artificial intelligence and machine learning.
 "Anonymous, at a distance: How faceless assessment will help taxpayers")
WFH could mean higher tax for some, altering pay structure may give relief
But many expenses incurred during WFH can't be treated as non-taxable until law is amended
 "WFH could mean higher tax for some, altering pay structure may give relief")
FinMin defends proposal to bring some expenditures under I-T scanner
Sources say burden on reporting transactions will not fall on assessees
 "FinMin defends proposal to bring some expenditures under I-T scanner")
Not taken into confidence for faceless assessment scheme: Tax officers
In a letter to the CBDT Chairman P C Mody, the association has highlighted the unease among 97 per cent of the I-T department workforce with respect to the implementation of the scheme
 "Not taken into confidence for faceless assessment scheme: Tax officers")
Why a taxpayers' charter is a non-starter
The charter is a bunch of promises, full of homily-like vision statements
CBDT undergoing significant restructuring for faceless assessment
4,224 officers have been diverted to the faceless assessment unit, leaving 2,000 in the residual jurisdiction, which will no longer carry out assessments
Under faceless assessment, all communication with taxpayers to be from NeAC
In detailed guidelines on implementation of the scheme the CBDT said, The NeAC/ReACs hierarchy will be tasked with management of Faceless Assessment proceedings
 "Under faceless assessment, all communication with taxpayers to be from NeAC")
FM Sitharaman asks tax officers to make faceless appeal system a success
The faceless appeal system was also unveiled by prime minister Narendra Modi on Thursday
 "FM Sitharaman asks tax officers to make faceless appeal system a success")
Taxpayer charter, faceless assessment may not always reduce torment: Expert
Unreasonable collection targets, mainly towards year end, often prompt tax official to make aggressive demands; in case of disputes, the official may favour the dept's view
 "Taxpayer charter, faceless assessment may not always reduce torment: Expert")
Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens
In a list of proposed measures to widen the tax base, in a tweet, government said no taxpayer should be left behind in the drive to ensure better compliance and transparency
 "Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens")
Govt modifies e-assessment scheme after PM unveils Taxpayers' Charter
The nomenclature of the scheme has now been changed to "Faceless Assessment Scheme" from the existing "E-assessment Scheme"
Govt determined to make income tax system seamless: Anurag Thakur
The government is determined to successfully implement an income tax system that is "seamless, painless and faceless", Minister of State for Finance Anurag Thakur said on Thursday.
 "Govt determined to make income tax system seamless: Anurag Thakur")
Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept
Your guide for Modi's taxpayers' charter and its benefits
 "Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept")
Top headlines: PM announces Taxpayers' Charter, US relaxes H-1B visa rules
Here are the top headlines of the day
 "Top headlines: PM announces Taxpayers' Charter, US relaxes H-1B visa rules")
Rights & responsibilities of citizens in new taxpayers' charter: Full text
PM Modi said the charter had been introduced with defined rights and responsibilities. Read the full text of the tax charter document here
 "Rights & responsibilities of citizens in new taxpayers' charter: Full text")
Legal heirs not bound to inform I-T dept about assessee's death, rules HC
The court reasoned that there might be instances where the deceased assessee was estranged from legal representatives or the deceased assessee might have bequeathed their wealth to charity
Faceless tax scrutiny will ease compliance burden, increase fairness: FM
In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers
 "Faceless tax scrutiny will ease compliance burden, increase fairness: FM")
PM Modi announces charter for 'fair, courteous' tax collection
"With faceless assessment, the taxpayer is assured of fair, courteous and rational behavior. Taxpayers charter is also a big step in the country's development journey," PM said
 "PM Modi announces charter for 'fair, courteous' tax collection")
Delhi govt sends notices to over 5,500 firms for not filing tax returns
The Aam Aadmi Party (AAP) government will strictly scrutinise the reasons behind these companies not filing tax returns, Sisodia said
Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant
Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent