Understanding of FACELESS ASSESSMENT covering APPEAL & PENALTY SCHEMES FOR TAXPAYERS | RAM DUTT SHARMA | Commercial Law Publishers | 2022 Paperback Edition

This book by Ram Dutt Sharma offers an insightful exploration of the Faceless Assessment Scheme, a transformative approach introduced by the Indian government to enhance transparency, accountability, and efficiency in the taxation process. It also provides a detailed discussion on appeal mechanisms and penalty provisions, catering to the needs of taxpayers navigating this digital shift.

Key Features:

• Comprehensive Coverage: Explains the structure and process of faceless assessments, appeals, and penalties under the Income Tax Act.
• Focus on Technology Integration: Highlights the role of digital tools and e-assessment in minimizing physical interaction between taxpayers and tax authorities.
• Detailed Commentary: Provides an in-depth analysis of penalty schemes, compliance requirements, and taxpayer rights under the faceless framework.
• Real-World Scenarios: Includes practical examples and case studies to help taxpayers understand and adapt to this new system.
• Recent Amendments: Incorporates updates from the latest finance acts and amendments, ensuring relevance and applicability.
• Target Audience: Aimed at tax professionals, chartered accountants, legal practitioners, and taxpayers seeking clarity on faceless assessments and related processes.

This book serves as a valuable guide for anyone looking to understand the nuances of faceless tax administration and its implications for compliance and appeals.