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of <h1>New Tax Dispute Scheme: File Declarations for Tax Arrears with Specific Payment and Immunity Provisions Under 2016 Guidelines</h1> The Direct Tax Dispute Resolution Scheme, 2016, introduced in the Finance Bill, 2016, allows declarants to file declarations regarding tax arrears or specified tax between June 1, 2016, and a date set by the Central Government. For disputed taxes not exceeding ten lakh rupees, the full disputed tax and interest are payable. In other cases, the full disputed tax, 25% of the minimum penalty, and interest are required. The scheme outlines definitions, declaration procedures, payment guidelines, and immunity provisions. It also specifies non-refund policies, non-applicability in certain cases, and grants the Central Government authority to issue directions and resolve difficulties.
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