In the run-up to the launch of the full-fledged 'Transparent Taxation' platform by the Govt faceless e-Assessment scheme by the Income Tax Department came in as a handy and effective tool for both the taxpayers and the tax authorities, as businesses look for technology-driven and transparent governance while battling the Covid-19 pandemic, the ASSOCHAM has said.
"Our initial feedback from the stakeholders shows that the e-Assessment system has been received well by the taxpayers. Traditionally, there is this anxiety about assessment which is now being managed through smart governance. If a return goes for assessment and certain queries are raised by the assessing officer, the same can be answered online. At times, a particular expenditure or source of income may be sought to be adjusted or enquired about; the same can be answered," ASSOCHAM secretary general, Deepak Sood phrased in Press Release sent to Bureaucracy Today.