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Direct Tax Dispute Resolution Scheme, 2016 which has come into force from 1st June, 2016, can be availed up to 31st December, 2016

News and Press Release - Dated:- 15-9-2016 - Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from 1st June, 2016 and can be .....

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spective amendment at different levels. Under the Scheme, if the amount of disputed tax is Up to ₹ 10 lakh, complete waiver from levy of penalty and from initiation of prosecution is provided on payment of assessed tax along with the interest. .....

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prosecution. In respect of specified tax, the declarant gets complete waiver of/immunity from levy of penalty and immunity from prosecution. CBDT has received various queries from stakeholders seeking clarifications about various provisions of the S .....

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