vivad se vishwas scheme Current Affairs, GK & News
On 19th July, 2021, the parliament of India was informed that over 1.32 lakh declarations generating Rs 99,765 crore of disputed tax have been filed under the ‘Vivad se Vishwas’ scheme. Key Points The declarations received under the ‘Vivad se Vishwas’ scheme cover around 28.73% of the total pending direct tax disputes in the ..
Month: Current Affairs - July, 2021
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
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 ..
Category: Government Schemes Current Affairs