Direct Tax Vivad Se Vishwas Bill 2020 introduced to resolve disputes, reduce litigation, and ease tax compliance in India.

The Direct Tax Vivad Se Vishwas Bill, 2020, was introduced in the Lok Sabha to resolve pending direct tax disputes. The bill aims to reduce litigation and provide a mechanism for taxpayers to settle disputes by paying the disputed tax amount with a waiver of interest and penalties. It seeks to benefit both taxpayers and the government by freeing up resources and reducing the burden on the judicial system. The bill is part of the government's efforts to improve tax compliance and ease of doing business in India.