‘I-T e-verification ensures transparent tax process’
FTCCI and ICAI jointly hold a seminar on I-T e-verification scheme for taxpayers, CAs, and tax officials
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Hyderabad: Federation of Telangana Chambers of Commerce and Industry (FTCCI) on Wednesday said it held an interactive seminar on the ‘Income Tax e-verification scheme,’ at Federation House in the city. The event was jointly organised with Institute of Chartered Accountants of India (ICAI).
At the seminar, taxpayers, CAs, and tax officials were present to discuss on the scheme’s role in empowering tax offices to collect and reconcile data from taxpayers and various other agencies.
As the chief guest of the seminar, Sunita Bainsla, Principal Director General of Income Tax (Intelligence & Criminal Investigation), spoke about the scheme’s importance in encouraging voluntary tax compliance and ensuring a transparent tax administration.
Addressing over 200 CAs, taxpayers, and stakeholders, Bainsla highlighted the substantial number of pending cases and non-responses in Hyderabad, expressing concerns about potential challenges ahead. She stressed the scheme’s simplicity, presenting it as mutually beneficial for taxpayers, CAs, and the Income Tax Department.
Bainsla viewed e-verification as the pivotal path for the department and urged compliance and cooperation, outlining objectives such as validating asset valuation, confirming balance sheet accuracy, and establishing asset ownership.
