Direct Tax Dispute Resolution Scheme enables declarations to settle disputed tax with prescribed payment, immunity, and specified exclusions. The Direct Tax Dispute Resolution Scheme, 2016 establishes a mechanism for taxpayers to make a declaration to settle disputed income, tax or wealth, ... Summary
Direct Tax Dispute Resolution Scheme enables declarations to settle disputed tax with prescribed payment, immunity, and specified exclusions.
The Direct Tax Dispute Resolution Scheme, 2016 establishes a mechanism for taxpayers to make a declaration to settle disputed income, tax or wealth, defines terms such as declarant, designated authority, specified tax and tax arrear, prescribes required declaration particulars and time and manner of payment, provides immunity from prosecution and penalty in certain cases, disallows refunds of amounts paid under the Scheme, limits application of other benefits in separate proceedings, excludes specified categories of disputes, and empowers authorities to issue directions and remove implementation difficulties.
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