Direct Tax Dispute Resolution Scheme Current Affairs, GK & News

India to appeal against Cairn Energy arbitration award

The Indian government has decided to appeal against the international arbitration award of worth $1.2 billion that was won by Cairn Energy Plc. in tax dispute. Highlights India’s decision to appeal against the award shows the government’s commitment to defend the sovereign rights in taxation. The government has also kept the possibility of a resolution ..

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The Direct Tax Vivad Se Vishwas bill introduced in Lok Sabha by the Finance Minister

The Finance Minister Nirmala Sitaraman proposed the scheme Vivad Se Vishwas Scheme in the Union Budget 2020. In order to implement the scheme, the minister introduced a bill in Lok Sabha on February 5, 2020. The main objective of the scheme is to Highlights The scheme aims to settle the pending cases on direct taxes. ..

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CBDT extends deadline of Direct Tax Dispute Resolution Scheme

The Central Board of Direct Taxes (CBDT) has extended the last date for availing the Direct Tax Dispute Resolution Scheme to January 31, 2017 from the earlier deadline of December 31, 2016. This extension aims to give companies one more month to accept its offer to settle retro tax disputes with Government. It comes against ..

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