#faceless assessment

[dailyfinancial]

Taxpayers Beware: 2025’s Income Tax Cross-Verification Could Freeze Your Old Regime Refunds

The Income Tax Department’s AI-powered cross-verification targets old regime claims, scrutinizing Section 80C, HRA, and 80D deductions with real-time data from banks and insurers. With ₹27 lakh crore in taxes collected, mismatches could freeze your refunds. Will your ITR survive this digital audit? Uncover expert tips to navigate Faceless Assessment 2.0, avoid penalties, and secure swift refunds…

Taxpayers Beware: 2025’s Income Tax Cross-Verification Could Freeze Your Old Regime Refunds

[rudrjobdesk]

Faceless tax assessment plan faces challenges

Faceless tax assessment plan faces challenges

NEW DELHI : The government’s faceless income tax assessment scheme, launched two years ago to bring transparency to the process, is facing several challenges from those it aimed to help. The income tax department is fighting dozens of writ petitions by taxpayers seeking redress for grievances ranging from inadequate time to file responses to opaque and arbitrary orders. The petitions have also…

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[mark2-market]

All About Faceless-Appeal Scheme MGR & CO Updates

In this article, we will discuss faceless appeals. As we know that Section 250 of the income tax act relates to CIT appeals now in this section few subsections has been added which deals with faceless appeals.

[mark2-market]

Everything about Faceless Assessment MGR & CO Updates

Earlier faceless compliance and faceless assessment was possible only in case of scrutiny assessment defined under section 143(3)

[tiptopnews]

Faceless assessment: CBDT eases I-T rules for authentication of e-records - ET Government

Faceless assessment: CBDT eases I-T rules for authentication of e-records – ET Government

The Ministry of Finance will now consider electronic records submitted through the taxpayer’s registered account in the Income Tax Portal as deemed to have been authenticated by the taxpayer by the Electronic Verification Code (EVC). The Central Commission for Direct Taxes (CBDT) amended the income tax rules to facilitate authentication of documents submitted in faceless assessment…

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