October 6 2019 : PIB Summary & Analysis

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October 6th, 2019 PIB:-Download PDF Here

National e-Assessment Centre of Income Tax Department

Context:

The National e-Assessment Centre (NeAC) of the Income Tax Department is being inaugurated by the Finance Minister Ms. Nirmala Sitharaman in New Delhi.

Details:

• The aim of the Income Tax (IT) Department in opening this Centre is to ensure faceless e-assessment to impart greater efficiency, transparency and accountability in the assessment process.
• There would be no physical interface between the taxpayers and the tax officers.
• This is in-line with the government’s ‘Digital India’ and ‘Ease of Doing Business’
• Under the new system, taxpayers have received notices on their registered emails as well as on registered accounts on the web portal www.incometaxindiaefiling.gov.in with real-time alert by way of SMS on their registered mobile number, specifying the issues for which their cases have been selected for scrutiny.
• The replies to the notices can be prepared at ease by the taxpayers at their own residence or office and be sent by email to the National e-Assessment Centre by uploading the same on the designated web portal.
• This is an initiative by the Central Board of Direct Taxes (CBDT).

About the Central Board of Direct Taxes (CBDT):

• It is a statutory authority functioning under the Central Board of Revenue Act, 1963.
• It is a part of the Department of Revenue under the Finance Ministry.
• The CBDT provides inputs for policy and planning of direct taxes in the country and is also responsible for the administration of direct tax laws through the IT Department.
• It is also India’s official Financial Action Task Force (FATF) unit.
• The Chairman and members of the CBDT are selected from the Indian Revenue Service (IRS).

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October 6th, 2019 PIB:-Download PDF Here

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