{"id":98431,"date":"2020-03-28T00:05:56","date_gmt":"2020-03-27T18:35:56","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=98431"},"modified":"2020-04-06T18:59:40","modified_gmt":"2020-04-06T13:29:40","slug":"vivaad-se-vishwas-series-5","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/government\/vivaad-se-vishwas-series-5","title":{"rendered":"Vivaad se Vishwas Series -5"},"content":{"rendered":"
\"Vivaad<\/a>
Video on which schemes to avail on Vivaad se Vishwas<\/strong><\/em><\/figcaption><\/figure>\n

Today there was an big announcement which came from RBI Governor on the reliefs announced through the banking system and also the future per them.<\/p>\n

The RBI governor , Mr Das announced a sizeable reduction in the policy repo rate and maintaining accommodative stance as long as necessary, while ensuring inflation remains within target. The MPC decided by 4-2 majority to reduce repo rate by 75 basis points to 4.4 per cent. The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.<\/p>\n

The great EMI relief<\/h2>\n

A moratorium of three months of EMIs on all outstanding loans was announced.<\/p>\n

The statement says:<\/p>\n

\n

“All commercial, regional, rural, NBFCs and small finance banks are being permitted to allow 3-month moratorium on payment of instalments in respect of all term loan EMIs outstanding on March 31.”<\/em><\/p>\n<\/blockquote>\n

Vivaad se Vishwas<\/em> Series -5<\/h1>\n

Following are the essential elements in this video:<\/strong><\/p>\n

1. Loss to Loss Cases: Will there be any double jeopardy, answer is NO but there will be a case of double Dip in favour of assessee.<\/p>\n

2. *Where appeal is filed u\/s 201 and against disallowance u\/s 40a(ia) by the deductor, the same can be taken care of by filing declarations for appeal u\/s 201. But no proper relief is granted to deductee as he will be facing hardship, as he was asked to pay Interest without fault on his part.<\/p>\n

3. Addition in intimation u\/s 143(1)(a), where time limit of filing appeal with CIT(A) is crossing the date 31\/01\/2020 can also be covered.<\/p>\n

4. No the admission in one year will not mean acceptance in all years<\/p>\n

5. Matters for which rectification application u\/ 154 is pending has to be taken care of first.<\/p>\n

6. Protective assessment and substantive assessment for same income on different persons, withdrawal has to be done only by the persons in whose hands substantive additions was done.<\/p>\n

7. Secondary adjustments are to be done even if you settle quantum appeals.<\/p>\n

8. The appeal against the order of HC, whereas it is only writ\/ SLP has been covered, it is inadvertent mistake as any appeal to Apex court is nothing but SLP only.<\/p>\n

9. Issue order u\/s 144C can also be covered and the FAQ exceeded in favour of assessee as to Act.<\/p>\n

10. There are questions still not answered( FAQ is expected on these issues)<\/p>\n