CBDT forms 9 member committee for full I-T e-assessment from 2018

The Central Board of Direct Taxes (CBDT) notified a 9-member committee headed by a Principal Chief Commissioner rank officer to roll out a pan-India e-assessment procedure for income taxpayers from 2018.

A deadline of February 28, 2018, has been set for submitting the report.

The CBDT has been running a pilot project in a few major cities and has been testing the feasibility of implementing this new regime of tax assessment for the last few years.

The initiative was launched to reduce visits by taxpayers to I-T offices and their interface with the taxman, thereby curbing corruption.

Source: Money Control

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