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Post Info TOPIC: Functions and Powers of the Income Tax Authority
Sandeep Kumar

Date:
Functions and Powers of the Income Tax Authority
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Assessment and Collection:

  • Assessing the total income of taxpayers and determining tax liabilities.
  • Issuing notices for tax returns, scrutiny assessments, and reassessments.
  • Collection of taxes, including advance tax, self-assessment tax, and tax deducted at source (TDS).

 

Enforcement and Investigation:

  • Conducting surveys, searches, and seizures to detect tax evasion.
  • Investigating cases of suspected tax evasion and ensuring compliance with tax laws.

 

Processing of Returns:

  • Processing income tax returns (ITRs) and issuing refunds.
  • Verifying deductions, exemptions, and credits claimed by taxpayers.

 

Appeals and Dispute Resolution:

  • Handling appeals filed by taxpayers against assessment orders.
  • Representing the department in appellate forums like the Income Tax Appellate Tribunal (ITAT), High Courts, and the Supreme Court.

 

Taxpayer Services:

  • Providing assistance to taxpayers through help centers, online portals, and guidance documents.
  • Educating taxpayers about their rights and responsibilities under the tax laws.

 

Policy and Legislation:

  • Drafting and amending income tax laws, rules, and regulations.
  • Implementing policies to improve tax administration and compliance.
  • Faceless Assessment and Appeals:
  • Introduction of faceless schemes to enhance transparency and reduce interface between taxpayers and tax officials.
  • Digital Transformation:
  • Enhanced use of technology for e-filing, e-assessment, and other online services to improve efficiency and taxpayer convenience.
  • Taxpayer Charter:
  • Adoption of a Taxpayer Charter outlining the rights and obligations of taxpayers to ensure fair and transparent administration.

Click for Establishment compliance services



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