Functional specialization: I-T dept.
will attempt to split the functions to enhance efficiency in carrying out
assessment, verification, raise demand, initiate recovery, and pass orders
Jurisdiction-free assessment: This
will mean any officer can send a notice to any taxpayer across the country
Taxpayer segmentation: Differential
treatment for small and large taxpayers
"The government should give a
breather to India Inc. since it is already dealing with several changes such as
GST, the new Companies Act and the new accounting standards," said Sudhir
Kapadia, national tax leader at Ernst & Young. Rahul Garg, who leads the
direct tax practice at Pricewaterhouse Coopers, said starting from a zero-based
approach was essential to deal with the global alignment of tax systems as well
as technological invasion.