Grant Thornton TaxPod – January 2022

About TaxPod

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 a few minutes. Please do provide your feedback to us about this edition of the taxpod at nto@in.gt.com.

What’s new

• Government provides relief to taxpayers; extends due dates for return filing, tax audit and Form 3CEB.
• Government notifies new Faceless Appeal 2021; addresses many of the taxpayer’s concerns.
• OECD releases Global Anti-Base Erosion Model Rules for implementation of 15% global minimum tax.

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