Newsletter January 2020

Direct Tax

Income Tax online E-assessment Scheme:

The Government has notified e-assessment (online assessment) scheme for conducting faceless scrutiny assessment of all the Income Tax returns. The tax payer will not have to appear personally or through any authorised representative before any tax authority. All the communications with the tax payer will only be through digital mode.

Further, the assessment will be governed by certain pre-defined risk assessment criteria and broad parameters.

The following are the salient features and procedures of the scheme:

• The National e-assessment Centre (NeAC) will issue notice to the tax payer specifying the reason for selection of their case for scrutiny assessment;