The Ministry of Finance will now consider electronic records submitted through the taxpayer’s registered account in the Income Tax Portal as deemed to have been authenticated by the taxpayer by the Electronic Verification Code (EVC). The Central Commission for Direct Taxes (CBDT) amended the income tax rules to facilitate authentication of documents submitted in faceless assessment procedures.
The ministry said the amended rule provides that electronic records submitted through the taxpayer’s registered account on the income tax department’s portal will be deemed to have been authenticated by the taxpayer by electronic verification code (EVC).
“Therefore, when a person submits an electronic registration by logging into their registered account on the designated portal of the Income Tax Service, it will be considered that the electronic registration has been authenticated by EVC,” he said. he declares.
The ministry said this streamlined process would also be available for businesses or tax audit cases and that they are required to authenticate electronic records by digital signature.
“In order to allow these people to benefit from the simplified process of authentication by EVC (such as companies, tax audit cases, etc.), it was decided to extend the simplified process of authentication by EVC to these people as well. Added the ministry.
Thus, assessors who are required to authenticate electronic records by digital signature are deemed to have authenticated the electronic records when they submit the record through their registered account on the portal of the income tax service. Legislative changes in this regard would be made in due course.