CBDT amends IT Rules, 1962 to ease authentication of electronic records in faceless assessment proceedings
Ministry of Finance has said that electronic records submitted through registered account of taxpayers in the income tax portal shall be deemed to have been authenticated by the taxpayer by electronic verification code (EVC).
The Central Board of Direct Taxes (CBDT) has amended the income tax rules to ease authentication of electronic records in faceless assessment proceedings.
It said,where a person submits an electronic record by logging into his registered account in designated portal of the Income-tax Department, it shall be deemed that the electronic record has been authenticated by EVC.
The ministry said this simplified process would also be available to companies, or tax audit cases and they are mandatorily required to authenticate the electronic records by digital signature.
What's Your Reaction?
