Updated By: LatestGKGS Desk
Faceless Assessment and Taxpayer Charter 2020 Tax Reforms Details
PM Narendra Modi Launch the Faceless assessment and taxpayer charter on 13th August 2020 for honest Taxpayers
The new platform launched on 13th August 2020, has major reforms like faceless assessment, faceless appeal, and taxpayers charter.
The facility of faceless appeal will be available for citizens across the country from September 25, 2020.
As per the government's new taxation system is Honoring The Honest.
The Budget for 2020-21 fiscal unveiled on February 1, had announced a 'taxpayer charter'.
Taxpayer Charter is expected to have statutory status and will empower citizens by ensuring time-bound services by the Income Tax (I-T) department.
The taxpayer charter will ensure trust between a taxpayer and the administration and reduce harassment, as well as increase the efficiency of the department, according to Union finance minister Nirmala Sitharman Budget speech.
The Central Board of Direct Taxes (CBDT), which is the top decision-making body indirect tax matters, administers personal income tax and corporate tax.
Over the last few weeks, CBDT has been publicizing the faceless tax assessment scheme. Under faceless tax assessment, the identity of the assessees and the tax officers are not known that was launched last year.
