Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Faceless approval or registration enables electronic tax approvals, removing direct taxpayer interface and allowing scheme-based procedural modifications. Central Government may make a scheme for faceless approval or registration by income-tax authorities to impart efficiency, transparency and accountability ... Summary
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Faceless approval or registration enables electronic tax approvals, removing direct taxpayer interface and allowing scheme-based procedural modifications.
Central Government may make a scheme for faceless approval or registration by income-tax authorities to impart efficiency, transparency and accountability by eliminating direct interface between taxpayers and authorities, optimising resource use, and introducing team-based grants with dynamic jurisdiction. The Government may notify that specified provisions of the Act shall not apply or shall apply with exceptions, modifications or adaptations to give effect to the scheme, and such notifications are to be laid before each House of Parliament.
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