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Understanding of Faceless Income Tax E-Assessment Scheme for Taxpayers (under Income Tax Laws as)

Understanding of Faceless Income Tax E-Assessment Scheme for Taxpayers (under Income Tax Laws as)

  • ₹395.00

In Stock
  • Author(s): Ram Dutt Sharma
  • Brand: Commercial Law Publishers (India) Pvt Ltd
  • Edition: Ed June 2020
  • ISBN 13 9789389564709
  • Approx. Pages 223 + Contents
  • Format Paperback
  • Approx. Product Size 24 x 16 cms
  • Delivery Time Normally 7-9 working days
  • Shipping Charge Extra (see Shopping Cart)

As Amended by
»    Finance Act, 2020 (12 of 2020) dt. 27.3.2020
»    Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 dt. 31-3-2020
»    Covid-19 Relief Provisions

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Description
For decades the assessment was done by local jurisdictional officer. The idea of faceless E-assessment was mooted in the Budget 2018 by the late Finance Minister, Arun Jaitely, who announced the proposal to introduce the new assessment scheme to replace the old assessment system of manual scrutiny and face-to-face interaction with tax authorities. The finance ministry has notified the e-assessment scheme 2019 on 12.09.2019 for conducting faceless scrutiny assessment of income-tax returns. The scheme involves creation of e-asssessment centres at national and regional levels; auto-allocation of cases among these centres. Further, it states that all communications with tax payers and among assessment centres etc. will be purely electronic; communications to be digitally authenticated; and most importantly assessees will not have to make personal appearance at centres. Conduct of assessment proceedings through the e-proceedings facility may help in the speedy completion of scrutiny assessment. It will save time and efforts of visiting the tax office. It will also decrease the cost for the taxpayer as well as the Income-tax department.
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Contents
Chapter 1    Introduction
Chapter 2    Faceless E-Assessment Scheme for the Purpose of Making Assessment
                      to Impart Greater Efficiency, Transparency and Accountability
Chapter 3    E-Assessment Scheme, 2019
Chapter 4    Difference Between the Assessments Through 'E-Assessment' Under Old
                      Scheme and the New Scheme of 'E-Assessment 2019'
Chapter 5    Exceptions to E-Assessment
Chapter 6    Income-Tax Business Application (ITBA)
Chapter 7    Structure for E-Assessment
Chapter 8    National E-Assessment Center (NeAC)
Chapter 9    Regional E-Assessment Centres (ReAC)
Chapter 10  Power to Specify Process and Procedure     
Chapter 11  Procedure in E-Assessment   
Chapter 12  Concept of Draft Assessment Order
Chapter 13  Communication and Electronic Record
Chapter 14  No Personal Appearance of Taxpayer before the Centres and Units
Chapter 15  Portal of E-Filing used for E-Proceeding
Chapter 16  Service of Notice for E-Assessment
Chapter 17  Centralised Verification Scheme, 2019 for Issuance of Notice
Chapter 18  Document Identification Number (DIN)
Chapter 19  Procedure after Completion of E-Assessment
Chapter 20  Powers of Jurisdictional Assessing Officer
Chapter 21  Procedure for Penalty
Chapter 22  Procedure for Appeal
Chapter 23  Jurisdiction under Section 120 read with Section 143 of the Income Tax Act, 1961
Chapter 24 Timeline Regarding the Issuance of CBDT Circulars/Guidelines
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Author Details
Ram Dutt Sharma
was born on 27th June, 1958 in Narnaul, Haryana. He got rds post-graduation from M.D. University, Rohtak in 1980. He joined the Income-tax Department in the year 1983and retiredas Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income-tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been Contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations. He is also author of following books:
(i) Computation of Income from Salary under income-tax law with tax planning;
(ii) Computation of Income from House Property; (iii) Formation and Management of Charitable and Religious Trust,
Educational and Medical Institutions under income-tax law; (iv) Taxation of Non-Resident Indians under income-tax law; (v) Understanding - Taxes in India; (vi) Computation of Income from Capital Gains; (vii) Law and Procedure of Filing of Appeals under Income-tax Law; (viii) Computation of Depreciation under Income-tax Act, 1961 & Companies Act, 2013;
(ix) Escapement of Income under Income-tax Law; (x) Taxation of Income from other Sources; (xi) Law relating to Income-tax Survey; (xii) Taxation of Undisclosed Income under Income-tax law; (xiii) Deduction of Tax at Source (TDS) & Collection of Tax at Source (TCS); (xiv) Taxation of Income from Business or Profession; (xv) Formation, Management & Taxation of Hindu Undivided Families (HUF);
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