Faceless IT assessment reviewed to make it more effective

Following suggestions that the Faceless Income Tax Assessment Scheme can be made more effective, the Central Government has reviewed the scheme.

So that it can be made more taxpayer friendly. As part of the review, a hybrid formula is being examined that will allow taxpayers to opt for a faceless scheme or individual settlement. That is, making the faceless scheme optional is currently under consideration. A decision will be taken soon and announced. 'An official said that the review is being done because the scheme aims to simplify the rules for taxpayers and to overcome the challenges in its implementation, it is currently under consideration, a final decision will be taken soon. It is worth noting that the Faceless Scheme was launched on 11 April 2021. So that human intervention can be avoided in tax disputes and assessments.

What is faceless IT assessment?

Faceless assessment means assessing taxpayers in such a way that they do not have to go to the Income Tax Department and do not come in direct contact with any Income Tax officer.

Personal Touch

* Decision will be taken soon on faceless reform

*By the end of the financial year 2022-23, the Income Tax Department completed 4,58,000 assessments

* The exchange of information will be more effective through mutual dialogue

* Emphasis on a more blended form of faceless IT assessments.