Assessment News

News

Facing problems with faceless assessment? I-T Dept issues 3 email IDs for registering grievances

Grievances related to the faceless assessment process, penalties and appeals can be furnished under three separate email IDs created for the purpose, informed the Income Tax Department

1 min read7 Aug 2021
Industry

Govt launches job portal for placing workers in MSMEs. 5 things to know

This initiative will provide 10 lakh blue-collar jobs across India by directly connecting the workers with MSMEs eliminating middlemen or labour contractors. This portal will reduce the hardship of labourers in finding jobs in nearby MSMEs

1 min read11 Feb 2021
Opinion

The role of cognitive dissonance in our echo chambers

Greater the resources we invest in our perspectives, the more stubbornly we hold on to them

4 min read21 Oct 2020
News

Appeals against tax assessment orders can now be faceless

Appeals relating to serious frauds, major tax evasion, sensitive and search matters, international tax and cases covered by the Black Money Act will not be covered under the faceless assessment scheme

1 min read25 Sep 2020
Opinion

Modi's bold taxation reform for nation building

The government's new measures that allow for anonymised assessement will enhance transparency and efficiency of the tax system, which would help bridge the trust-deficit and contribute to nation building.

4 min read13 Aug 2020
Companies

Bharat Forge posts ₹127.3 cr loss in Apr-Jun

Bharat Forge on Wednesday reported a consoldiated loss of 127.3 crore for the quarter ended June 30

1 min read12 Aug 2020
News

CICSE board announces assessment scheme for cancelled board exams

Candidates will be assessed based on three parameters — best of three marks, percentage subject project work, subject projectStudents will get an average of the best three percentage marks obtained from the subjects for which board exams have been conducted

1 min read3 Jul 2020
News

How covid-19 is driving big reforms in ease of doing business

Faceless assessment is now increasingly becoming the norm in governance. The Income Tax department has introduced it and the ministry of corporate affairs is working on introducing it for adjudicating on Companies Act related cases

3 min read11 Jun 2020
News

Businesses allowed self-assessment for claiming GST credits

The restrictions on availment of ITC shall be on the basis of self-assessment of taxpayers, and will not be imposed through common portal

1 min read11 Nov 2019
Money

E-assessment Of I-T returns launched

Under the e-assessment scheme, a taxpayer would not be aware of the I-T officer who carries out the assessment, as it could be an officer located in any part of the countryThe scheme comprises a framework of e-assessment centres at the national and regional levels

7 min read11 Oct 2019
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