On 12th January 2021, the Central Board of Direct Tax (CBDT) notifies Faceless Penalty Scheme 2021. The penalty under this scheme shall be imposed as may be specified by the CBDT.
Faceless Penalty Scheme 2021
The New Scheme, “Faceless Penalty Scheme 2021″ was notified vide notification no. 02/2021 dated 12 January 2021. The penalty under the scheme shall be imposed in respect of such territorial area, or persons or class of persons, or Income or class of Incomes, or cases or class of cases, or penalties or class of penalties as may be specified by CBDT.
Notification in this regard will be available here-
The Income Tax India official Twitter handle also notify about the said scheme.
Join our Social Community
Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance
Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)