Quick Summary
The Central Board of Direct Taxes in exercise of the powers conferred by sub-sections (1) and (2) of section 135A of the Income Tax Act, 1961 has launched the e-Verification Scheme, 2021 via Notification No. S.O. 5187(E) on 13th December 2021. Scope of the Scheme The scope of the Scheme shall be in respect of: (i) calling for information under section 133 of the Act; (ii) collecting certain information under section 133B of the Act; (iii) calling for information by the prescribed
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FAQ :
The e-Verification Scheme, 2021, is a new initiative by the Central Board of Direct Taxes (CBDT) to electronically collect and verify information relevant to tax assessments.
The scheme was launched by the CBDT on 13th December 2021, via Notification No. S.O. 5187(E).
The scheme covers calling for information, collecting certain information, calling for information by prescribed authorities, inspecting company registers, and exercising powers of an Assessing Officer, all under various sections of the Income Tax Act, 1961.
Information is collected electronically and undergoes an initial e-verification. A risk management strategy is applied, and low-risk cases are processed for closure, while remaining information is allocated for further verification.
The process involves the Commissioner of Income-tax (e-Verification), Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), and potentially other authorities or bodies providing information.
Information requiring further action after initial verification is electronically transferred to a Prescribed Authority for verification. Based on the verification report, it may be made available to Faceless Assessing Officers or Jurisdictional Assessing Officers, or utilised for other necessary actions.
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