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Archive: 20 January 2021

Posts in 20 January 2021

Launch of Regulatory Compliance Portal to minimize Regulatory Compliance

January 20, 2021 1173 Views 0 comment Print

India’s commitment to reforms is evident from the width and scale of reforms undertaken at pan- India level since 2014 under the visionary leadership of Hon. Prime Minister. This is reflected in the meteoric rise of India’s rank in World Bank’s Ease of Doing Business Report from 142nd in 2014 to 63rd in 2019.

Order under Para 4 of Faceless Penalty Scheme, 2021

January 20, 2021 3483 Views 0 comment Print

Order under Para 4 of the Faceless Penalty Scheme, 2021 for directing the National Faceless Assessment Centre /Regional Faceless Assessment Centre/ Assessment Unit/ Review Unit to act as the National Faceless Penalty Centre /Regional Faceless Penalty Centre/ Penalty Unit/ Penalty Review Unit under the Scheme – regarding.

Order under Para 3 of the Faceless Penalty Scheme, 2021

January 20, 2021 2289 Views 0 comment Print

F No. 187/4/2021-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110001. Dated the 20th January, 2021 ORDER Subject: Order under Para 3 of the Faceless Penalty Scheme, 2021, for assignment and disposal of penalty cases under the scheme- regarding. The Central Board of […]

No TDS on discount to pre-paid mobile service distributors

January 20, 2021 1596 Views 0 comment Print

Discount offered on some of the prepaid mobile services did not partake the character of commission under Section 194H and hence there was no obligation to withhold tax on such discounts on pre­paid services. 

Interest on loan taken to repay old loan allowable if same was allowable on old loan

January 20, 2021 1704 Views 0 comment Print

Sumeru Enterprises Vs ITO (ITAT Jaipur) The Ld. CIT(A) has ascertained the factual aspect that this is not a closure of business but temporary discontinuance of business. We further noted that in earlier years the interest expenditure claimed by assessee were allowed by the department itself. However, in the year under consideration the same was […]

Take no Coercive steps for Tax Recovery till disposal of stay application: HC

January 20, 2021 4314 Views 0 comment Print

Mr. Tushar Hemani, the learned counsel appearing for the writ applicant submits that the stay application has also been filed way back in the July, 2020.

Extend last date for CFSS & LLP Settlement Scheme 2020

January 20, 2021 12576 Views 0 comment Print

Federation Of All India Vyapar Mandal requested FM that  Companies Fresh Start Scheme, 2020 (CFSS- 2020) may be extended till 31st March 2021 as By that time every Company which is seeking relief will be able to take benefit of this scheme and will make their filing upto date once for all and LLP Settlement […]

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