TaxTonic #33: Arduous Journey of Faceless Regime...
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
100 Minutes
Episode Background:
'TaxTonic', a 'subscriber only' thought leadership series, is Taxsutra's endeavour to consistently deliver top notch technical content to it's readers. The labyrinth of tax rulings on convoluted transactions keeps the world of taxation unpredictable and ever-evolving. This series will feature engrossing presentations, incisive analyses and a deep-dive by the tax experts on burning issues & controversies. So, gear up for a 'tonic' to chisel your tax mind and challenge your wit.
Speaker:
Mr. Dharan Gandhi (Advocate)
Moderator:
Mr. Sachin Sastakar (Chartered Accountant)
What shall the episode cover?
The Faceless Assessment and Appeals is a step forward for an efficient and transparent tax regime in the country. CBDT has undertaken several measures to eliminate personal interaction between the taxpayers and the Revenue to optimally utilise its resources to the extent technologically feasible. Even though the intention and the proposed structure of the Faceless Assessment & Appeal is very much laudable, the actual implementation has posed significant challenges to the taxpayers and their representatives. Its implementation has also created significant challenges in tax administration and has adversely affected every effort to curtail tax litigation and improve tax recovery.
In this episode of TaxTonic, Taxsutra brings to you a discussion to understand the complexities of Faceless Assessments & Appeals. The discussion primarily covers:
1. Law and Practice for Faceless Assessments.
2. Difference between E-Verification & Faceless Assessments.
3. Law and Practice for Faceless Appeals.
4. Changing dynamics for representation in Faceless Assessments & Faceless Appeals.
5. Dos & Don’ts for the Taxpayers, Consultants and Representatives.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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Overall Rating
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
100 Minutes
Episode Background:
'TaxTonic', a 'subscriber only' thought leadership series, is Taxsutra's endeavour to consistently deliver top notch technical content to it's readers. The labyrinth of tax rulings on convoluted transactions keeps the world of taxation unpredictable and ever-evolving. This series will feature engrossing presentations, incisive analyses and a deep-dive by the tax experts on burning issues & controversies. So, gear up for a 'tonic' to chisel your tax mind and challenge your wit.
Speaker:
Mr. Dharan Gandhi (Advocate)
Moderator:
Mr. Sachin Sastakar (Chartered Accountant)
What shall the episode cover?
The Faceless Assessment and Appeals is a step forward for an efficient and transparent tax regime in the country. CBDT has undertaken several measures to eliminate personal interaction between the taxpayers and the Revenue to optimally utilise its resources to the extent technologically feasible. Even though the intention and the proposed structure of the Faceless Assessment & Appeal is very much laudable, the actual implementation has posed significant challenges to the taxpayers and their representatives. Its implementation has also created significant challenges in tax administration and has adversely affected every effort to curtail tax litigation and improve tax recovery.
In this episode of TaxTonic, Taxsutra brings to you a discussion to understand the complexities of Faceless Assessments & Appeals. The discussion primarily covers:
1. Law and Practice for Faceless Assessments.
2. Difference between E-Verification & Faceless Assessments.
3. Law and Practice for Faceless Appeals.
4. Changing dynamics for representation in Faceless Assessments & Faceless Appeals.
5. Dos & Don’ts for the Taxpayers, Consultants and Representatives.
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
