Dispute resolution Current Affairs, GK & News
Deadline to payments under Vivad se Vishwas scheme extended
On October 27, 2020, the Government of India extended the deadline for making payment under the Vivad se Vishwas scheme. The deadline has been extended to March 31, 2021. The deadline is being extended for the third time under this direct tax dispute settlement scheme. Key highlights In order to provide relief to the taxpayers ..
Month: Current Affairs - October, 2020
Category: Government Schemes Current Affairs
Topics: Dispute resolution • Income Tax Act • Nirmala Sitharaman • tax appellate tribunal • Tribunal • union budget 2020-21 • vivad se vishwas scheme
Vivad Se Vishwas Scheme: Rs 888.09 crores saved by NMDC under the scheme
On April 1, 2020, the National Mineral Development Corporation operating under the Government of India announced that it has saved Rs 888.09 crores by adopting Vivad Se Vishwas Scheme. Highlights The Vivad Se Vishwas scheme was announced by the Finance Minister Nirmala Sitaraman during the Union Budget 2020-21. The scheme was introduced to generate timely ..
Month: Current Affairs - April, 2020
Category: Government Schemes Current Affairs
Topics: Dispute resolution • Iron ore • nirmala sitaraman • Sail • Tax Benefits • union budget 2020-21 • Vivad Se Vishwas
Ladakh and J&K to come under Central Administrative Tribunal
On February 17, the Minister of State in the PMO (Prime Minister Office) announced that the Union Territory of Ladakh and Jammu and Kashmir are to be brought under the Central Administrative Tribunal (CAT). The announcement was made by the Minister at the annual Conference of the tribunal. Highlights The CAT has so far had ..
Month: Current Affairs - February, 2020
Category: India Nation & States Current Affairs
Topics: Chandigarh • Constitutional amendment • Dispute resolution • Jammu & Kashmir • Ladakh • Tribunals • Union Territories
Cabinet approves changes in Vivad Se Vishwas bill, 2020
The Vivad se Vishwas Scheme was announced by Finance Minister Nirmala Sitaraman during the Budget 2020-21. On February 12, 2020, the Union Cabinet approved to make required changes in the Vivad Se Vishwas Bill, 2020 in order to widen its cover over litigation pending in debt recovery tribunal. Highlights The amendment has been introduced in ..
Month: Current Affairs - February, 2020
Category: Legal & Constitution Current Affairs
Topics: CLAT • direct tax • Dispute resolution • nirmala sitaraman • Sabka Vishwas-Legacy Dispute Resolution Scheme 2019 • Tax Administration • Union Cabinet • Vivad Se Vishwas
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. ..
Month: Current Affairs - February, 2020
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
Budget 2020: dispute resolution scheme for direct taxes
The Union Finance Minister Nirmala Sitharaman announced a dispute resolution scheme for direct taxes in the recent Union Budget 2020-21. Under the proposed scheme, the taxpayers whose tax demands are locked in any dispute in any of the forums can pay their due taxes by March 31, 2020. By paying it before the deadline, the ..
Topics: budget 2020-21 • direct tax • Dispute resolution • Finance Minister of India • Government Schemes India • Indirect Taxes