CBDT to hold highlevel review of IT eassessment system before rollout


first_imgNew Delhi: The Central Board of Direct Taxes (CBDT) will on Thursday conduct a pan-India review of the ambitious e-assessment system for income-tax payers before rolling it out next month. The CBDT, which frames policy for the Income-tax department, had last week set up the National e-assessment Centre (NeAC) in Delhi as part of the Centre’s plan to launch faceless and nameless assessment for income-tax payers. Officials said the high-level review will be conducted through video conferencing by CBDT Chairman P C Mody along with other members of the board from here. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraRegional chiefs of the Income-Tax department in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Pune, Hyderabad and Ahmedabad and officials of NeAC will discuss issues related to successful implementation of the scheme and potential challenges during the review, they said. The meeting will take stock of deployment of required computer systems, Internet and other hardware, and software facilities for assessing officers, officials said. The NeAC will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax (PCCIT). It will be an independent office for e-assessment. The NeAC will serve notices to assessees specifying the issues for selection of their case for assessment and after a response is received from them within 15 days, the centre will allocate the case to an assessing officer using an automated system, a government notification had earlier said.last_img read more

CEPC holds 36th Annual General Meeting


first_imgCarpet Export Promotion Council organised its 36th Annual General Meeting on September 25, 2019 in Hotel Radisson, Noida. The AGM was attended by 22 members – Siddh Nath Singh, Chairman, CEPC presided over the AGM while Umer Hameed, 2nd Vice-Chairman; Umesh Kumar Gupta; Abdul Rub; Feroze Waziri; Husain Jafar Husaini; Onkar Nath Misra; Rajendra Prasad Mishra; Sanjay Kumar Gupta,; Shree Ram Maurya; Gulam Nabi Bhat; Satish Wattal; Sheikh Ashiq Ahmad; Bodh Raj Malhotra; Sunil Jain, Member COA, CEPC; and Sanjay Kumar, Executive Director, CEPC were among others who attended the event. Also Read – The Puja carnivalGeneral Body adopted the Annual Report of Council Proceedings of the Committee of Administration for the year ended March 31, 2019, adopted Audited Balance Sheet and Income and Expenditure Accounts of the Council along with the Report of the Auditors and approved for appointment of Auditors of the Council until the conclusion of the next Annual General Meeting. General Body also approved the postponement of the Retirement of 1/3rd members of the committee of administration from various categories for the year 2018-19 and to retain the existing members of Committee of Administration of the Council to function and discharge its power till the next elections are held and Members are elected.last_img read more