BSC Insights – Transparent Taxation Scheme

‘The Indian Income-tax World, as we know it today, has changed forever – Anon’

The Hon’ble Prime Minister, Shri Narendra Modi launched the platform for “Transparent Taxation – Honoring the Honest” on August 13, 2020 via Video Conferencing. While launching the platform, three major milestone announcements were made, which are faceless assessments, faceless appeals and tax payer’s charter. The focus behind this is on making the tax system people-centric and public friendly.

In this TaxAlert, we seek to declutter these high-impact and foundational changes and explain the salient features of these developments in a lucid manner. We trust that you will find the same to be a useful read.

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