Finance Minister to inaugurate national tax e-assessment centre

News:Union Finance Minister will be inaugurating the National e-Assessment Centre (NeAC) in New Delhi.The centre is part of the E-assessment scheme, 2019. Facts: About E-assessment scheme: The scheme aims at faceless e-assessment to impart greater efficiency, transparency and accountability in the assessment process.There would be no physical interface between taxpayers and tax officers. The scheme… Continue reading Finance Minister to inaugurate national tax e-assessment centre

E-assessment scheme

News:Finance Ministry has notified the e-assessment scheme 2019. Facts: Objective of the scheme:The scheme aims to conduct faceless scrutiny assessment of income tax returns (ITR).  E-assessment structure: National e-assessment centre: Will issue notice to taxpayers.It will have four bodies under it Regional e-assessment centres: Will get cases from national body, conduct enquiry and pass draft… Continue reading E-assessment scheme