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Faceless tax scheme

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Faceless tax scheme:


Context:

The government’s faceless tax assessment scheme has managed to deliver about 24,000 final orders since its introduction in August 2020.

About Faceless tax scheme:

In the Union Budget 2019, the Finance Minister proposed the introduction of a scheme of faceless e-assessment.

  • It is an attempt to remove individual tax officials’ discretion and potential harassment for income tax payers.
  • The scheme allows for appropriate cases where a certain hearing is necessary, so then after following protocols, a hearing is given.
  • The main objective is to remove physical interaction as much as possible.

Sources: the Hindu