e-Assessment of Income Escaping Assessment Scheme, 2022

e-Assessment of Income Escaping Assessment Scheme, 2022 The Finance Bill 2022 has proposed to bring reassessment proceedings within the ambit of faceless assessment. In line with the amendment proposed by the Finance Bill 2022, the Central Board of Direct Taxes…

CBIC Clarification on Custom Faceless Assessment

CBIC Clarification on Custom Faceless Assessment The Central Board of Indirect Taxes and Customs (CBIC) issued the Clarification on Custom Faceless Assessment vide a notification dated 17.12.2020. To enhance the efficiency of the process involved in Custom Faceless Assessment, this…

Faceless Assessment Scheme

Faceless Assessment Scheme E-assessment Scheme 2019 was introduced vide two notifications, i.e. 61/2019 and 62/2019. Recently, on 13th August 2020, the Prime Minister, Shri Narendra Modi launched a new platform ‘Transparent Taxation- Honoring the Honest’. The new platform announces faceless…