This book is a ready reckoner for the assessee and tax practitioners to understand the practicalities and nuances of the following in an effective, qualitative, and timely manner:
• Faceless Assessments u/s 144B of the Income-tax Act as amended by the Finance Act, 2022
• Newly substituted Faceless Appeal Scheme, 2021 introduced w.e.f. 28.12.2021
• Faceless Penalty Scheme, 2021 introduced w.e.f. 12.01.2021
• The newly inserted legislative faceless schemes are also explained:
o e-Assessment of Income Escaping Assessment Scheme, 2022 u/s 151A
o Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 u/s 130
o e-Verification Scheme, 2021 u/s 135A
o e-Advance Rulings Scheme, 2022 & e-Settlement Scheme, 2021 u/s 245D
The Present Publication is the 5th Edition, authored by Mayank Mohanka. This book is amended by the Finance Act 2022 & updated till 15th April 2022.
