competition refresher magazine
competition refresher magazine published this article page no 16 the third-party information collection mechanism has been strengthened to collect information on undeclared income/assets. various amendments have been made to encourage the use of digital transactions in place of cash transactions.the annual information statement (ais) contains third-party information urging taxpayers to include all income in their tax returns and pay voluntarily. competition refresher magazine pdf an e-verification scheme has been introduced allowing for additional tax updates. the income tax department has introduced a faceless system for assessment and appearance reducing the need for taxpayers to visit the office. technology-driven services are provided to taxpayers including end-to-end processing of tax returns and refund issuance within the department competition refresher magazine subscription.
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