Tag: Faceless Assessment Scheme

President gives assent to Taxation and Other Laws bill

The President of India gave his assent to the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, which will extend compliance-related...

Finance Minister defends tax Ordinance, says it was needed to provide relief

Finance Minister Nirmala Sitharaman on Saturday defended ordinance to amend the tax laws saying it was needed to provide immediate relief to taxpayers from statutory...

CBDT deploys two-third of its workforce for faceless assessment scheme

New Delhi: The Central Board of Direct Taxes (CBDT) has deployed two-third of its workforce to deal with the faceless assessment scheme. “Now, the National...

Real test for new tax assessment plan is execution

Prime Minister Narendra Modi recently announced the implementation of the Faceless Assessment Scheme (FAS) with immediate effect. This is perhaps the first time that a...