COVID-19 has left a deep impact on the economy and business operations. With global governments continue to take efforts to jumpstart the economy, the Indian Government has embraced the digital platforms and is harnessing technology to enable the ease in conducting business.
With a view to ease the tax compliance, the Government launched Transparent Taxation – Honoring the Honest, a platform that will enable Faceless assessments, Faceless Appeals, and the Taxpayer’s Charter. The key features include zero human intervention, team-based assessments, technical specialization, and dynamic jurisdictions. The Faceless Assessment Scheme will fundamentally alter the current system and lay a groundwork for the future of interactions with the income tax department.
The session aims to explore the questions arising, possibilities, and insights regarding the Faceless Assessment Scheme.