These measures include integrating assessment and penalty proceedings into a single process, a move expected to significantly reduce the time and resources taxpayers expend.
The Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal has issued strict directives to Faceless Assessment Officers (FAOs) to avoid raising irrelevant queries while conducting faceless assessments, emphasising the need for more focused and case-specific scrutiny procedures.
The Appointments Committee of the Cabinet has approved the re-appointment of Ravi Agrawal, as Chairman of the Central Board of Direct Taxes (CBDT) on a contract basis for one year, effective from July 1, 2025, to June 30, 2026, or until further orders, according to an official order.
Agrawal stated, "You juggle multiple roles at work, at home, and in society, often carrying the weight of expectations with quiet strength. It is not always easy, especially in a demanding domain like ours, where technical expertise must go hand in hand with a deep understanding of people an
Speaking at India International Trade Fair (IITF) after the inauguration of Income Tax lounges Agarwal emphasized the department's proactive approach in identifying discrepancies using data received through the Automatic Exchange of Information system.
A total of Rs 11.07 lakh crore (gross) worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 17.95 per cent increase on a yearly basis, Central Board of Direct Taxes Chairman Nitin Gupta said on Tuesday.
Taxpayers' Lounge aims to foster awareness about the services provided by the I-T department and to showcase its various initiatives in the areas such as digitalization, transparent taxation, online grievance redressal, e-PAN and e-filing for easing compliance.
New Delhi [India], August 26 (ANI): Gross tax collections this year are 38 per cent higher when compared with the previous year, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said on Friday.
New Delhi [India], July 24 (ANI) The entire life cycle from the filing of the return of income to their verification processing, scrutiny, assessment, and appeal has now been digitized end-to-end through the 'Faceless Assessment' initiative, which has significantly improved processing of ret
New Delhi [India], May 1 (ANI): Sangeeta Singh, a 1986 batch Indian Revenue Service (IRS) officer has been given additional charge of Chairman, Central Board of Direct Taxes (CBDT), after incumbent JB Mohapatra retired as the head of the direct taxes administration body on April 30.