A webinar on New Faceless Assessment System was held on Friday. The webinar was organised by Confederation of Indian Industry (CII). Principal Chief Commissioner of Income Tax of Madhya Pradesh and Chhattisgarh K Chauhan shared his views in which he discussed the topic “New Faceless Assessment System” initiated by the Income Tax Department.
Chauhan informed the members about the new platform launched for filing income tax returns and said that this step has been taken to ensure a transparent tax environment by eliminating the physical interface between the tax authorities and taxpayers.
Also, other measures include a directive that reduces the powers of regular assessment officers to conduct surveys and limit them to investigation and tax deduction by the source wing, but also for these functions, the director general or Permission of senior officer of the rank of Principal Commissioner will be required.
Anil Gupta, Joint Commissioner of Income Tax (Admissions), Bhopal gave a presentation to CII members about the process of Faceless Income Tax Assessment, Mechanism of Faceless IT Assessment Work and the process and benefits of Faceless Assessment Scheme.
Earlier, welcoming the participants, Siddharth Chaturvedi, Chairman, CII Bhopal Zonal Council, congratulated the government on the launch of the platform "Transparent Taxation Honoring the Honest".
He said that the platform has taken major reforms like Faceless Assessment, Faceless Appeal and Taxpayers Charter. The framework has been prepared and will greatly benefit the taxpayers. Such reforms will further lay the roadmap to make the income tax system uninterrupted, painless and faceless and improve the Ease of Living, furthering the Honorable Prime Minister's philosophy of self-reliant India.
A large number of people from Madhya Pradesh's industry participated in this webinar.