vivad se vishwas scheme Current Affairs, GK & News
1.32 lakh declarations filed under Vivad se Vishwas scheme
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
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: direct tax • direct taxes • Tax Disputes • Vivad se Vishwas Act • vivad se vishwas scheme
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 ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Cairn Energy Plc. • Direct Tax Dispute Resolution Scheme • international arbitration award • Tax Disputes • vivad se vishwas scheme
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