Friday, March 05, 2021

Chandigarh

Common Man distressed over Faceless Proceedings of Income Tax as per Union Budget 2021: Income Tax Expert

PUNJAB NEWS EXPRESS | February 06, 2021 12:15 PM

CHANDIGARH: Chandigarh Tax Bar Association today organized a study circle session on ' Budget 2021' at Sales Tax Bar Room, Sector 17, Chandigarh. Mr. Parveen Aneja , President, Chandigarh Tax Bar Association graced the occasion while General Secretary, Sanjeev Khurana conducted the proceedings of the session. The session was attended by around 50 Senior Members of the Association and Income Tax Lawyers.

Advocate Ankit Dhiman, Joint Secretary, Chandigarh Bar Association shared his views on impact of Budget on Direct Tax proposals. He said that the present Budget is very technical and in this the assessment procedure has been completely overhauled by the introduction of Faceless Assessment Scheme, 2019.

Dhiman added that the assessment procedure will now be conducted in a completely faceless and jurisdiction-less way where all the internal and external communications would be made electronically. Various provisions have been introduced to promote digital economy with more non-cash transactions.

Advocate Chetan Jain highlighted the provisions on indirect Tax.  

Other Senior Advocates including Mr. J.P. Dhiman (Ex- President, Chandigarh Bar Association), Sh. Prem Inder Rattan, Mr. Daljit Sandhu, Mr.Ranjiv loomba, Mr. Jagjit Singh along with Mr. Mohit Dhiman (Chartered Accountant) etc were also present over the session.

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