The Central Board of Direct Taxes (CBDT) is simplifying the process of document authentication from those appraisers who opt for anonymous review, saying on Tuesday that rules have been changed to ensure that their documents are verified via Electronic Verification Code, or EVC.
The new rules will come into effect from September 6, 2021.
“The amended rules provide that electronic records submitted through the taxpayers’ account registered on the Income Tax portal are deemed to have been certified by the taxpayer by EVC,” a statement from the CBDT said.
This means that once a person submits an electronic document by logging into his or her registered account on the income tax portal, the document is deemed to be authenticated by EVC.
CBDT also said certain other entities such as corporations, tax audits, etc. will also be subject to the simplified authentication process by EVC.