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of <h1>Kar Vivad Samadhan Scheme 1998: Key Terms for Tax Disputes Defined Under Section 88 of Finance Act</h1> The Kar Vivad Samadhan Scheme, 1998, under the Finance (No. 2) Act, 1998, defines key terms related to tax disputes. A 'declarant' is an individual making a declaration under section 88. The 'designated authority' refers to a tax officer notified for handling tax arrears. 'Disputed' terms relate to tax, expenditure, interest, income, wealth, and gift, all linked to unpaid taxes. 'Direct tax enactment' includes various tax acts like the Income-tax Act, while 'indirect tax enactment' covers acts like the Customs Act. 'Tax arrear' refers to unpaid taxes, penalties, or interest determined by March 31, 1998, excluding erroneous refunds and unquantified duties on seized goods.
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