The electronic evaluation is also known as e-assessment is the use of technology in different forms of tax assessment.
There are certain benefits and drawbacks of e-assessment under income tax. Benefits of Income Tax Electronic Assessment involve Faceless Assessment decreases the possibility of corruption, saves a lot of time, cloud storage, paper-free office, and cost-effective to the government.
Advantages of E-assessment/ Faceless tax
Reduced the possibility of corruption:
E-Assessment would indeed minimize person-to-person interaction for better transparency in the assessment methods.
Easy and saves time
Since assessment processes are digital, it will save taxpayer travel time, and also can save effort in finding jurisdiction/place of assessing officers.
This is the future
Taxpayers could even access/view any files they may have submitted during the assessment time. Total information concerning all submissions is stored in the e-Filing account page that can be obtained for future purposes at any moment. And threat such as file loss or file damage is prevented because of e-Assessment.
Cost-effective for the Government
Because assessment procedures are digital, this initiative is an environmentally friendly project.
Disadvantages of E-assessment/ Faceless tax
Assessment will be handled by two officers
Two officers are going to handle that now. Rather than the existing system containing a single evaluation officer, the deputation of two officials for one evaluation case will help to enhance monitoring levels.
Traditional offices face difficulties in uploading bulky documents
Traditional offices that lack the necessary facilities find it hard to upload large amounts of documents.
Hard to answer the topic altogether without physical demonstration in the submission
when the request is complicated, the assessee must give physical presence at the IT office to describe the issue to the officer’s assessment.
Officers make assumptions when not understanding the submissions
Many times, due to the complexities of the business evaluation office, challenges are encountered in comprehending documents submitted by the taxpayer, as a result of which officer concludes the evaluation based on his understanding.
Technical failures on the website will delay the procedure of submission
Occasionally internet connection is not good due to some technical issues or large amounts of traffic over the Income Tax website, as a result of which assessee finds it hard to upload documents to the e-filing portal.
The file size is limited to 5 MB
Maximum submission size is 5 MB. lots of taxpayers have come with concerns that files are bigger and do not get uploaded. When assessing that you upload documents after splitting files is stated, this becomes an additional burden on the evaluations.
Max 10 documents per submission
when the file size is high the assessee was told to attach multiple documents but now there is a restriction on the maximum number of the file submitted.
