Friday, January 23, 2026

Faceless tax assessment lost its way: Why Budget 2026 must fix system, not expand compliance burden

With the new Income-tax Act approaching, Budget 2026 presents a crucial chance to reform India's Faceless Assessment Scheme. Current structural issues like over-engineering and duplicated functions are undermining the scheme's goals of transparency and reduced discretion. The budget must address these inefficiencies to ensure a simpler, accountable, and justice-oriented tax administration.

from Tax-Wealth-Economic Times https://ift.tt/Ym9LkoP

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