direct tax Current Affairs, GK & News

Highlights: ‘Transparent Taxation – Honoring the Honest’ platform launched

Prime Minister Narendra Modi has launched a platform in order to honour and appreciate the honest taxpayers in the country. The ‘Transparent Taxation – Honouring the Honest’ platform has been launched by the PM through video-conferencing. The government aims to change the way in which taxes are being paid in India now, through this platform. ..

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PM to announce next set of direct tax reforms

The Prime Minister Narendra Modi is all set to launch the next set of direct tax reforms in the country keeping in mind the announcements made in the Union Budget 2020-21. The PM will honour the country’s honest taxpayers by launching a platform to that effect. Details of the Platform The platform, named as ‘Transparent ..

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IT Department to Undertake Drive to Improve Return Filings for FY19

The Central Board of Direct Taxes has announced that it is going to start a campaign from July 20 till the end of the month in order to increase the number of tax filings for the Financial Year 2019-2020. It is a voluntary e-campaign to ensure compliance on the part of the taxpayers who have ..

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Parliament passed Direct Tax Vivad Se Viswas Bill, 2020

On March 14, 2020, Parliament passed the Direct Tax Vivad Se Viswas Bill, 2020. The bill aims to reduce the number of litigation that are associated with direct tax payments. The Direct Tax Vivad Se Viswas concept was introduced by the Finance Minister Nirmala Sitaraman during the Union Budget 2020-21. Key Features of the bill ..

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Lok Sabha passes Direct Tax Vivaad Se Vishwas Bill 2020

The Direct Tax Vivaad Se Vishwas Bill 2020 has been recently passed by the Lok Sabha. The bill was introduced in Lok Sabha by the Finance Minister Nirmala Sitharaman, on February 5, 2020. The Bill provides a mechanism for resolution of pending tax disputes in direct tax including income tax and corporation tax. It seeks ..

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