On August 13, 2020, the Honourable Prime Minister launched a platform "Transparent taxation – honoring the honest". Through this platform, major direct tax reforms are introduced, covering faceless assessments, faceless appeals and taxpayers' charter.
The e-assessment scheme was initially introduced in 2019 and now, the same has been amended and renamed as "faceless assessment scheme". This will lead to a sea change and recalibration of approach in the way taxpayers interact with the tax authorities. Given this significant development, the taxpayers are likely to be faced with key strategic issues such as:
In the above backdrop, Dhruva Advisors & FICCI organised a panel discussion, wherein the panelists shared their insights on various aspects relating to paradigm shift to faceless assessments.
The panel of highly distinguished and eminent speakers comprised of:
Ms Smita Jhingran
Chief Commissioner of Income-tax (Regional e-Assessment Centre), Delhi
Mr Rajesh Bhoot
Joint Secretary (TPL)-II
Ms S. Nageswari
Tax Head, Tata Group
Dinesh Kanabar, CEO, Dhruva Advisors moderated this panel.