Direct Tax Dispute Resolution Scheme Current Affairs, GK & News
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 ..
Category: Economy & Banking Current Affairs
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. ..
Category: Legal & Constitution Current Affairs
Topics: Budget 2020 • CLAT • Direct Tax Dispute Resolution Scheme • direct taxes • Dispute resolution • Finance Minister • GST • nirmala sitaraman • Sabka Vishwas-Legacy Dispute Resolution Scheme 2019 • Union Budget • Vivad Se Vishwas
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 ..