Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

CBDT Chief Urges Faceless Officers to Avoid Irrelevant Tax Queries

The Business Guardian

|

July 01, 2025

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, emphasizing the need for more focused and case-specific scrutiny procedures.

- TBG NETWORK

CBDT Chief Urges Faceless Officers to Avoid Irrelevant Tax Queries

Chairman Ravi Agarwal has written to the Principal Chief Commissioners of Income Tax, directing them to ensure that faceless assessment officers maintain higher standards of inquiry relevance and specificity in their assessments.

The CBDT, which serves as the apex body of the Income Tax Department, has released comprehensive guidelines for the compulsory selection of Income Tax Returns (ITRs) for scrutiny during the Financial Year 2025-26.

The directive comes as notices under Section 143(2) are being issued for cases selected through the Computer Assisted Scrutiny Selection (CASS) cycle.

According to the letter accessed by ANI, initial notices under Section 143(2) are being issued for cases selected based on prescribed parameters and procedures outlined in the new guidelines.

MÁS HISTORIAS DE The Business Guardian

The Business Guardian

The Business Guardian

‘Capex, Opex subsidies in mineral scheme to boost recycling infra’

Provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under Rs 1,500 crore incentive scheme for Critical Mineral Recycling will accelerate the establishment of advanced recycling infrastructure, said industry body India Energy Storage Alliance (IESA) while welcoming the Centre's move.

time to read

2 mins

September 21, 2025

The Business Guardian

The Business Guardian

Why 2 nm chips matter in India’s chip revolution

India has taken another big step in its semiconductor journey with the recent inauguration of ARM's new design office in Bengaluru.

time to read

2 mins

September 21, 2025

The Business Guardian

GOVT ACTIVATES PORTAL FOR GST COMPLAINTS

The Ministry of Consumer Affairs, Food & Public Distribution on Saturday announced the activation of a dedicated category on the INGRAM portal to handle anticipated consumer queries and complaints on the National Consumer Helpline (NCH), following the implementation of revised GST charges, rates, and exemptions effective from September 22.

time to read

2 mins

September 21, 2025

The Business Guardian

BofA sees positive outlook for Paytm, citing soundbox, AI

Paytm (One97 Communications Limited), India's full stack merchant payments leader, is showing steady momentum across its core

time to read

1 min

September 21, 2025

The Business Guardian

The Business Guardian

GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR

While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.

time to read

1 mins

September 21, 2025

The Business Guardian

The Business Guardian

Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore

Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Friday said it has raised over Rs 122 crore from anchor investors, ahead of its initial share-sale opening for public subscription.

time to read

1 min

September 21, 2025

The Business Guardian

The Business Guardian

Third round of India-New Zealand FTA negotiations concludes

The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.

time to read

1 min

September 21, 2025

The Business Guardian

'Capex, Opex subsidies in mineral scheme to boost recycling infra'

Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.

time to read

1 min

September 21, 2025

The Business Guardian

The Business Guardian

Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO

Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.

time to read

1 min

September 21, 2025

The Business Guardian

The Business Guardian

US' H-1B fee move can have ripple effects on US innovation system

Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.

time to read

2 mins

September 21, 2025

Listen

Translate

Share

-
+

Change font size