{"id":104342,"date":"2021-01-04T16:16:23","date_gmt":"2021-01-04T16:16:23","guid":{"rendered":"https:\/\/myfintale.com\/?p=104342"},"modified":"2021-01-04T16:16:23","modified_gmt":"2021-01-04T16:16:23","slug":"faceless-tax-scheme-delivers-24000-final-orders-pandey","status":"publish","type":"post","link":"https:\/\/myfintale.com\/economy\/faceless-tax-scheme-delivers-24000-final-orders-pandey\/","title":{"rendered":"Faceless tax scheme delivers 24,000 final orders: Pandey"},"content":{"rendered":"

Number of orders shows system has stabilised, he says<\/h2>\n

The government\u2019s faceless tax assessment scheme, an attempt to remove individual tax officials\u2019 discretion and potential harassment for income tax payers, has managed to deliver about 24,000 final orders since its introduction in August 2020, Finance Secretary Ajay Bhushan Pandey said.<\/p>\n

Indicating that the scheme was up and running robustly, Mr. Pandey said that as many as 800 cases have also concluded the faceless appeals process since it was implemented on September 25, 2020. <\/p>\n

\u201cThe system has now stabilised. Even though the last date for passing orders in scrutiny cases is March 31, we have already passed final orders more than 24,000 cases. <\/p>\n

The faceless appeals systems are now in place and after hearing parties, more than 800 cases have seen orders being passed through the faceless manner,\u201d he said. <\/p>\n

Responding to concerns of some tax experts that an entirely faceless process for tax assessments and appeals may make it difficult at times to explain nuances of the concerned transactions, the Finance Secretary said that the scheme allows for hearings in certain situations. <\/p>\n

\u201cThe scheme allows for appropriate cases where a certain hearing is necessary, so then after following protocols, a hearing is given. The very fact that more than 24,000 final orders have been passed through the faceless system demonstrates that the system has stabilised,\u201d Mr. Pandey asserted.<\/p>\n

\u2018May miss nuances\u2019<\/h2>\n

\u201cIn the faceless regime, the main objective is to remove physical interaction as much as possible, and hence, the taxpayers may not have the opportunity to explain (in person) business-related complexities and explain various positions they have taken while filing their income-tax returns. These facilities are available in the existing system,\u201d PwC India had noted last month in a report titled \u2018Faceless Interface \u2014 a paradigm shift in administration of the income tax law\u2019.<\/p>\n

\u201cA limited facility of video conferencing and telephony is being made available after extensive written submissions are filed with the Income-tax department,\u201d it added, advising taxpayers to ensure that appropriate documents with factual matrix are available and filed, and their written submissions are comprehensive.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Number of orders shows system has stabilised, he says The government\u2019s faceless tax assessment scheme, an attempt to remove individual tax officials\u2019 discretion and potential […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":104341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nFaceless tax scheme delivers 24,000 final orders: Pandey - my finance tale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myfintale.com\/economy\/faceless-tax-scheme-delivers-24000-final-orders-pandey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Faceless tax scheme delivers 24,000 final orders: Pandey - my finance tale\" \/>\n<meta property=\"og:description\" content=\"Number of orders shows system has stabilised, he says The government\u2019s faceless tax assessment scheme, an attempt to remove individual tax officials\u2019 discretion and potential [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myfintale.com\/economy\/faceless-tax-scheme-delivers-24000-final-orders-pandey\/\" \/>\n<meta property=\"og:site_name\" content=\"my finance tale\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T16:16:23+00:00\" \/>\n<meta name=\"author\" content=\"Vogel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/myfintale.com\/wp-content\/uploads\/2021\/01\/cfntalkfotoAADHARCARD09127jpg.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vogel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/myfintale.com\/economy\/faceless-tax-scheme-delivers-24000-final-orders-pandey\/\",\"url\":\"https:\/\/myfintale.com\/economy\/faceless-tax-scheme-delivers-24000-final-orders-pandey\/\",\"name\":\"Faceless tax scheme delivers 24,000 final orders: Pandey - 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