But, the need for the same is greater now than ever before in the happening sector of Tax compliance. It is always true that Tax professionals are required to keep themselves up-to-date. Knowledge update and constant study is the foremost requisite :Ī. Not all of them are altogether new, but some issues need a revisit and fresh consideration at this juncture: The following are some essential requirements. In the light of the above assessment procedure, which is a step ahead and above the existing e-assessment procedure, with no issues of territorial jurisdiction during the assessment and a total faceless procedure, it is incumbent of the tax professionals to strengthen their skills and reorganize their office administration immediately. There are many dimensions in the procedure depending on the factual situations of the assessment proceedings, the extent and nature of verification etc. The foregoing is only a broad overview of the new dispensation and is not exhaustive. There is no human element anywhere in the entrustment of cases to ReAC and transfer from one Centre to another. The initiation of consequent Penalties is the same as in the physical and e-proceedings regime, but initiated by the NeAC. Once such ReAC is satisfied, the draft order is put up to NeAC and the final order is served.ĥ.) In the meanwhile, if any verification of assessee’s records is considered necessary by e-assessment units, the task is entrusted by NeAC to Verification unit and the verification includes electronic exchange of information as well as video conferencing hearings.Ħ.) This way, the final order is prepared and sent to the assessee by the National Centre. Review unit may approve the order and return to NeAC.Ĥ.) In case of modifications proposals to the draft order by Review unit, NeAC entrusts further verification to a different ReAC and the assessee needs to respond to such fresh Notices from a different ReAC. In case the ReAC needs Technical help, such assistance is enabled by NeAC to the ReAC.ģ.) If NeAC feels that the draft order needs review, it is sent to Review Unit. If NeAC agrees to the draft order, it becomes final and is served on assessee. From what we understand from the totally electronic communication of Notices, faceless responses, e-filing-portal-centric service of assessment orders and Appeals against the aggrieved ones, the following re-orientation of personal and office management emerges to be adopted by the Tax Professionals with no delay:īefore discussing the challenges to be met by the Faceless Assessment and Appeal Scheme, let us understand the basic Architecture of the Scheme:ġ.)The National e-assessment Centre is the originator of the Notice u/s.143(2) for the assessment in a selected case and allots the assessment task to a Regional e-assessment centre.Ģ.) The latter considers the assessee’s replies and the materials and prepares a Drat Assessment Order and escalates it to NeAC. The details of the Faceless procedures are discussed in the relevant Circulars and let us try to appreciate the extent to which a total Faceless tax administration impacts the areas of personal skill set and the management skill set of the tax professionals in the tax advisory and appellate services. This seems to be just the beginning, with a lot to follow and be followed up. Now comes the ‘Faceless Assessment and Appeals’ closely accompanied by the immediate relocation of many Tax Executives to the Faceless Assessment Centres. ![]() The e-filing initiatives have caught up in the direct and indirect tax regimes and by now it is complete in all respects –from the ITRs, Appeals to numerous Forms and Applications enabled in online mode.Į-assessment in Income tax has been the buzz word for the last couple of years with minimisation of human interface and its attendant subjectivities and dubious practices. ![]() It throws up a challenge that is immediate and at once inescapable.Įver since the present Government assumed office, there has been a significant emphasis on revamping the tax administration and to infuse greater transparency in its affairs. This is a no mean achievement for all the stake-holders, given the present global scenario of unpredictability and instability in all spheres of life. Besides, it is a clarion call to the taxmen, the assessees and the tax professionals to migrate themselves to an era of wider and deeper knowledge, greater dynamism and a high level of professionalism and integrity. The bouquet of the latest Circulars of the CBDT has heralded the entire Nation into a New Era of transparent tax administration. The challnges to professionals in the face of faceless assessments And appeals – Chiselling the skills and acquiring new ones
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