(Video) Rajya Sabha TV (RSTV) The Big Picture: Income Tax Department’s National E-assessment Centre (NeAC)

Topic: Income Tax Department’s National E-assessment Centre (NeAC)

Guest:

Dr. P. Pullarao, (Tax Expert)
Abhishek Raja Ram, (Member, Institute of Chartered Accountants of India)
Ajay Dua, (Former Secretary, Ministry of Commerce & Industry)

Topic Description:

Finance Minister Nirmala Sitharaman on Monday inaugurated the Income Tax Department’s National E-assessment Centre (NeAC), which will reduce face-to-face interaction between taxpayers and tax officials. The setting up of NeAC is a step for better taxpayer service, reduction of taxpayer grievances in line with the Prime Minister’s vision of ‘Digital India’ and promotion of ease of doing business, the Finance Ministry said in a statement. It added that under the new system, taxpayers will receive notices on their registered e-mails as well as on registered accounts on the official web portal. They will also receive real-time alerts by way of SMS on their registered mobile number, specifying the issues for which their cases have been selected for scrutiny.