Electronic Tax Scrutiny Will Be Now Part Of Tax Assessment

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The government is mulling to change the way tax-assessment is carried out until recently and introduce e-assessment procedure for some 500 top companies. The assessment shall be location agnostic saying this means assessing officer shall be decided electronically.

    Electronic Tax Scrutiny Will Be Now Part Of Tax Assessment

    This is being mulled as a step to further the deep rooted enemy of corruption in the system.Further, the process is likely to boost up ease of doing business of the Indian economy.

    The system is most likely to be introduced in the Union Budget 2018 and would eliminate human interface all at measures of scrutiny and assessments. Also algorithm will be determining the need for additional information and thus ending chances of discretion with same set of assessing officers or AO.

    To this be implemented for all taxpayers in the Indian sub-continent, major overhaul of the tax department's Information Technology wing has to be effected.

    Goodreturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more