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Home Economy

National e-assessment scheme

June 11, 2020
in Economy
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Why is it in the news?

  • In the Union Budget 2019, the Finance Minister proposed the introduction of a scheme of faceless e-assessment.
  • Ministry: Ministry of Finance(Department of Direct taxes)
  • Aim:The scheme aims to conduct faceless scrutiny assessment of income tax returns (ITR).

Details

  • The scheme seeks to eliminate the human interface between the taxpayer and the income tax department.
  • The scheme aims at faceless e-assessment to impart greater efficiency, transparency and accountability in the assessment process.There would be no physical interface between taxpayers and tax officers.
  • The scheme makes it mandatory for the taxman to make communication with taxpayers online.
  • The tax notices will be issued by a centralised e-assessment centre requiring taxpayers to reply only through digital mode.
  • The cases selected for scrutiny shall be allocated to assessment units in a random manner and notices shall be issued electronically by a Central Cell without disclosing the name, designation or location of the assessing officer.
  • The Scheme will have dedicated E-assessment centres such as the National E-assessment Centre, Regional E-assessment Centre, assessment units, verification units, technical units and reviewer units with each centre and unit having a clearly defined role and process to follow.
  • The income tax department would use data analytics, artificial intelligence, machine learning and other latest tools to ascertain misreporting or evasion.

E-assessment structure:

  • National e-assessment centre: Will issue notice to taxpayers
  • Regional e-assessment centres: Will get cases from national body, conduct enquiry and pass draft assessment order
  • Verification unit: To verify documents
  • Technical unit: Will give assistance depending on cases referred
  • Review unit: To conduct review of draft assessment order passed by regional centres. Final order to be passed by national body

 

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Tags: Prelims

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