The government has already notified revised Form 26AS which would have additional details on taxpayers’ high-value financial transactions, like cash deposit/withdrawal, property purchases, undertaken during a financial year and would facilitate voluntary compliance and ease of e-filing of I-T returns.
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Unknown title,” the source said. Finance Minister Nirmala Sitharaman had announced the faceless assessment scheme in her Budget speech on July 5, 2019, which was subsequently inaugurated on October 7, 2019. <span>The government has already notified revised Form 26AS which would have additional details on taxpayers’ high-value financial transactions, like cash deposit/withdrawal, property purchases, undertaken during a financial year and would facilitate voluntary compliance and ease of e-filing of I-T returns. This will also help in verifying all available information in faceless manner and help in seamless implementation of first phase of faceless assessment, the source added. A letter from Summary
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