Income Tax Department: To Prior e-assessment and lessen Human Interface

I-T dept is all set to plan its future ways to e-assessment and step back from human interface procedures. According to the official statement of CBDT, priority goals of department include maximising income tax collections for current fiscal year using data analytics of post & succeeding period of demonetisation to reach a revenue target of Rs 9.80lakh crore.

Held discussions in CBDT also highlighted effective strategies to widen tax base by ensuring verification of data gathered during demonetisation and SFT (Statement of Financial Transactions).

Supporting the thought of e-assessment Prime Minister Narendra Modi, in one of his interactions prompted to all tax officials to use data analytics to track unaccounted and undeclared wealth and subjected to built unconditional targets for improving the tax administration by 2022. He enlightened tax officials to work up on pending cases and instil an uncorrupted environment for honest taxpayers.

While CBDT held the conference saying it has been decided to encourage assessing officers to maximise e-assessment in a phased manner and ensure online completion of procedures with complete transparency.

CBDT aiming at effective litigation pointed to achieve twin objectives of ‘reducing number of appeals and disputed cases’ before CIT appeals and decided to visionise Operation Clean Money portal for more effective compliance.

CBDT stated to dispose 70% of smaller appeals and 30% of demanded appeals i.e resolving 100% of appeals on disputed demands of Rs 50 crore or above. Also, CBDT purported the officials to utilise available data effectively for timely collection of revenue meeting goals of not only targeted personal income tax but also to take it to some exceeding value.

Speaking on the thought Revenue Secretary Hasmukh Adhia  said ‘Revenue to department is a cross sectoral subject and requires effective coordination between CBDT and CBEC’. He also pointed for the need of diligence from both section officials for sharing best practices with each other.

While the indirect tax department CBEC – detailed issues related to litigation management, they also discussed some formal initiatives like e-assessment to improve taxpayer services. Beside this Adhia highlighted the importance of rising revenue from data of post demonetisation he also stressed on relieving genuine taxpayers out of grievances and treating them with courtesy with the help of e-assessment