{"id":1086,"date":"2016-02-06T18:06:42","date_gmt":"2016-02-06T18:06:42","guid":{"rendered":"https:\/\/sunkrish.com\/?p=1086"},"modified":"2016-05-20T10:48:32","modified_gmt":"2016-05-20T10:48:32","slug":"cbdt-lays-down-norms-for-e-assessments-2","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/02\/06\/cbdt-lays-down-norms-for-e-assessments-2\/","title":{"rendered":"CBDT lays down norms for e-assessments"},"content":{"rendered":"

\u00a0<\/strong><\/p>\n

\"CBDT\"<\/a>The Central Board of Direct Taxes (CBDT) has laid down operational guidelines for e-assessments of select non-corporate taxpayers to be undertaken as a pilot in five metros.<\/p>\n

 <\/p>\n

It has now specified the format and standards for ensuring secured transmission of electronic communication between the taxpayer and the Income-Tax Department.<\/p>\n

 <\/p>\n

The move comes three months after the CBDT announced its intent use \u2018electronic mail\u2019-based communication for assessment.<\/p>\n

 <\/p>\n

It had then announced that a pilot project would be launched in five \u201cnon-corporate charges\u201d at Delhi, Mumbai, Bengaluru, Ahmedabad and Chennai.<\/p>\n

 <\/p>\n

Non-corporate charges<\/strong><\/p>\n

 <\/p>\n

Non-corporate charges are those dealing with assessments of individuals, Hindu Undivided Families and partnerships.<\/p>\n

 <\/p>\n

Initially, 100 cases would be identified for e-hearing in each of these five regions and a major part of the assessment would be done electronically, the CBDT had then decided. Only cases taken up for scrutiny were to be covered under the pilot.<\/p>\n

 <\/p>\n

Commenting on the move, Aseem Chawla, Partner, MPC Legal, a law firm, said: \u201cIf this IT-enabled exercise does succeed, it would usher in a new era in taxpayers\u2019 interaction with tax department in making the process, simpler, economical and hassle-free.\u201d<\/p>\n

 <\/p>\n

Amit Maheshwari, Partner, Ashok Maheshwary & Associates, a CA firm, said, \u201cThe guidelines allay various concerns of the taxpayers on the scheme and once it\u2019s successful would enable quick percolation across the entire tax department and make it a standard practice. One good move is that the communication status would be displayed to the taxpayer in their online account.<\/p>\n

 <\/p>\n

\u201cThis would prevent missed dates, miscommunications and effective follow-ups.\u201d<\/p>\n

 <\/p>\n

Vikas Vasal, Partner \u2013Tax, KPMG in India, said the Centre has clarified the procedural aspects of usage of electronic communication regarding paperless assessment proceedings.<\/p>\n

 <\/p>\n

Saving time<\/em><\/strong><\/p>\n

\u00a0<\/em><\/strong><\/p>\n

\u201cGradually, the aim is to move most of the communication to the electronic format.<\/em><\/strong><\/p>\n

\u00a0<\/em><\/strong><\/p>\n

\u201cOnce done, it would save time and effort both for the tax payers and the tax department.<\/em><\/strong><\/p>\n

\u00a0<\/em><\/strong><\/p>\n

\u201cAlso, it would bring in more transparency and consistency in tax positions\u201d .<\/em><\/strong><\/p>\n

 <\/p>\n

A number of tax simplification measures have been announced by the government recently and more are expected in the forthcoming Union Budget, he added.<\/p>\n

 <\/p>\n

\u201cIf this IT-enabled exercise does succeed, it would usher in a new era in taxpayers\u2019 interaction with the department in making the process, simpler, economical and hassle free\u201d.<\/p>\n

 <\/p>\n

Source: http:\/\/www.thehindubusinessline.com\/todays-paper\/tp-news\/cbdt-lays-down-norms-for-eassessments\/article8200085.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The Central Board of Direct Taxes (CBDT) has laid down operational guidelines for e-assessments of select non-corporate taxpayers to be undertaken as a pilot in five metros.   It has now specified the format and standards for ensuring secured … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,491],"tags":[361,360,362,311,358,343,322,298,364,295],"class_list":["post-1086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-ahmedabad","tag-bengaluru","tag-chennai","tag-corporate","tag-delhi","tag-e-commerce","tag-e-filing","tag-ease-of-doing-business","tag-kpmg","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=1086"}],"version-history":[{"count":5,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1086\/revisions"}],"predecessor-version":[{"id":1091,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1086\/revisions\/1091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/728"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=1086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=1086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=1086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}