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News INCOME TAX

  • Oct 09, 2019
  • Income tax: National e-assessment centre launched

    With the launch of National e-Assessment Centre (NeAC) on Monday, the income-tax department would undertake the first phase of faceless assessment from Tuesday. The scheme is expected to result in better quality of assessment orders while reducing potential harassment to taxpayers. In the first phase, the income tax department has selected 58,322 cases for scrutiny, for which e-notices have been served before September 30, belonging to cases of Assessment Year 2018-19, the department said in a statement.