New Delhi . The Central Board of Direct Taxes (CBDT) has issued new rules for faceless collection of information in case of mismatch between taxpayers. The e-Verification Scheme, 2021, notified on Monday, includes gathering and verifying faceless information from the designated people.
This scheme has been notified under a provision in Income Tax Act 135A. Its objective is to propose faceless information collection between the Income Tax Authority and the prescribed person or entity providing efficiency, transparency and accountability. It will also try to utilize the resources of the department in a better way.
Which information will be included
Under this scheme, information will also be collected about those cases where the register of companies is to be inspected in a faceless manner. The e-verification would include information that is either in the possession of the designated tax authorities or which has been submitted to the Director General of Income Tax (Intelligence and Criminal Investigation).
Power of tax department to gather more information
E-verification will include information which is either in the possession of designated tax authorities or which has been submitted to the Director General of Income Tax (Intelligence and Criminal Investigation).
The government has now empowered the tax office to collect more information from taxpayers. Along with this, the power has also been given to match with the information received from other agencies. If there is any mismatch between the amount reported by the taxpayer and the amount reported after e-verification, the information can be sent for intelligence and criminal investigation.
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