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 ...