Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

April 2010

Tax assessments without meeting tax officers

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants
Reading Time 1 mins

New Page 3

The CBDT is envisaging a
system in which taxpayers do not meet any tax official for routine assessments.
Assessments are proposed to be centralised at a place where a set of officers
would supervise the assessments. Each officer will be specialising in certain
segment of the assessment process, such as giving credit, refunds, etc. Four
such Central Processing Centers (‘CPC’) would be set up soon in four major
cities where the computerised assessment of the returns will take place. Once
the CPCs are in place, the taxpayer will have to meet the Department officials
only when the returns are selected for scrutiny.



(Source : The Economic Times, dated 14-1-2010)

Download PDF

You May Also Like

Now ITAT cases can be tracked online

CBDT’s Committee on Safe Harbour Rules