TaxPod: January 2021

The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past month, in five minutes. What’s new - Introduction of Faceless Penalty Scheme 2021 - Benefit of the Remission of duties and Taxes on Exported Products (RoDTEP) scheme extended to all export goods from 1 January 2021 - No further extension in due dates of return filing, states Central Board of Direct Taxes

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