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Faceless and Tax Assessment, Taxpayers - Coggle Diagram
Faceless and Tax Assessment, Taxpayers
Intro
CI
Department is understaffed
officers have inadequate time
to scrutinise cases
few thousand officers
deal with lakhs of cases
MB
BP/GE/IS
Computer will decide
who will assess
the tax return of an Individual
different stages of a case
different officers will be involved
No Nexus
can be formed btw
the taxpayer and officers
involved in passing return
and money cannot
be paid to evade taxes
IS
who know the system
Software can be easily manipulated
Officer
few month to prepare statement
Chartered Accountant take
but officer cannot
be deciphered in few hours
problem lies
with estimate business incomes
fudging revenue and costs
through
under-invoicing
over-invoicing
Businessmen declare
entire household expenditure
as business costs
Taxpayers
MB
BP/GE/IS
Fiscal deficit
in the budget
set to rise
unless other expenditure cut
number of tax filers
has increased
but number of taxpayers
has dropped
result of concession
offered in budget
Taxpayers-Intro
CI
India´s tax collection
set to decline
sharply this year
because of decline in
national income and
fall in employment
due to COVID-19