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Published on 24/03/2020 6:23:37 PM | Source: Motilal Oswal Securities Ltd

Perspective on the announcement made by the Finance Minister on the Regulatory Relaxations by Mr. Shalibhadra Shah, Motilal Oswal

Posted in Expert Views| #Expert Views #Motilal Oswal

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Below is the Views On Perspective on the announcement made by the Finance Minister on the Regulatory Relaxations by Mr. Shalibhadra Shah, Group CFO, Motilal Oswal Financial Services Ltd

“Govt has acted very proactively and announced the much needed measures of relief for all the tax payers considering the practical difficulties faced by them due to COVID outbreak . This would enable the tax payers to now comply with various tax deadlines for return filings/tax payments,etc in the prescribed extended timelines .  Further steps to reduce interest % on any delay in payment have been a positive

Lastly the new scheme of VIVAD SE VISHWAS to settle many income tax litigations has also been extended by a quarter giving the much needed time for companies to legally analyse and settle their disputes.”

 

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