The Central Board of Direct Taxes (CBDT) has introduced a Faceless Penalty Scheme, 2021 to handle recommendations for penalty issued under its faceless assessment programme. The scheme has laid down the procedure to issue penalty through electronic mode including the procedures for admission of additional grounds and the admission of additional evidence during the appellate proceedings.
| References | ||
|
| Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
| 7.9 | -3.6 |
| Consumer Sentiments Index Base September-December 2015 |
|
| 53.2 | 0.0 |
| Consumer Expectations Index Base September-December 2015 |
|
| 54.8 | 0.0 |
| Current Economic Conditions Index Base September-December 2015 |
|
| 50.7 | 0.0 |
| Updated on : 15 Jan 2021 12:00AM | |
| (Rs.trillion) | Mar 20 | Jun 20 | Sep 20 | Dec 20 |
|---|---|---|---|---|
| New projects | 3.80 | 0.83 | 1.05 | 0.86 |
| Completed projects | 1.76 | 0.25 | 0.72 | 0.51 |
| Stalled projects | 0.73 | 0.11 | 0.08 | 0.30 |
| Revived projects | 0.42 | 0.68 | 0.36 | 0.08 |
| Implementation stalled projects | 10.18 | 0.09 | 0.07 | 0.12 |
| Updated on: 17 Jan 2021 9:28AM | ||||
| (% change) | Mar 20 | Jun 20 | Sep 20 | Dec 20 |
|---|---|---|---|---|
| All listed Companies | ||||
| Income | -5.0 | -27.6 | -6.2 | 6.0 |
| Expenses | -1.9 | -27.9 | -10.1 | 2.1 |
| Net profit | -48.9 | -40.2 | 45.2 | 24.3 |
| PAT margin (%) | 2.3 | 5.3 | 8.3 | 21.9 |
| Count of Cos. | 4,355 | 4,347 | 4,310 | 75 |
| Non-financial Companies | ||||
| Income | -9.0 | -37.4 | -10.4 | 6.9 |
| Expenses | -4.9 | -37.6 | -14.0 | 2.8 |
| Net profit | -50.1 | -55.8 | 29.9 | 26.9 |
| PAT margin (%) | 3.2 | 4.5 | 8.1 | 21.6 |
| Net fixed assets | 13.3 | 5.9 | ||
| Current assets | 3.6 | 0.8 | ||
| Current liabilities | 6.2 | -2.8 | ||
| Borrowings | 15.9 | 8.1 | ||
| Reserves & surplus | 1.3 | 4.5 | ||
| Count of Cos. | 3,239 | 3,235 | 3,213 | 54 |
| Numbers are net of P&E | ||||
| Updated on: 17 Jan 2021 9:28AM | ||||
| (% change) | FY18 | FY19 | FY20 |
|---|---|---|---|
| All Companies | |||
| Income | 8.4 | 13.5 | 0.2 |
| Expenses | 9.9 | 13.8 | 0.5 |
| Net profit | -41.0 | 17.9 | -11.9 |
| PAT margin (%) | 2.0 | 2.2 | 3.9 |
| Assets | 10.9 | 9.5 | 9.2 |
| Net worth | 7.4 | 8.6 | 4.8 |
| RONW (%) | 3.4 | 4.0 | 5.7 |
| Count of Cos. | 29,264 | 28,548 | 9,649 |
| Non-financial Companies | |||
| Income | 8.6 | 14.1 | -2.6 |
| Expenses | 8.8 | 14.3 | -1.8 |
| Net profit | -9.5 | 22.0 | -23.7 |
| PAT margin (%) | 2.7 | 3.0 | 4.1 |
| Net fixed assets | 7.2 | 5.4 | 13.0 |
| Net worth | 6.1 | 8.3 | 2.1 |
| RONW (%) | 5.6 | 6.7 | 7.2 |
| Debt / Equity (times) | 1.0 | 1.0 | 0.8 |
| Interest cover (times) | 2.1 | 2.3 | 2.6 |
| Net working capital cycle (days) | 77 | 70 | 60 |
| Count of Cos. | 23,680 | 23,061 | 7,171 |
| Numbers are net of P&E | |||
| Updated on: 14 Jan 2021 10:28AM | |||
