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of <h1>New Dispute Resolution Committee for Small Taxpayers to Enhance Certainty and Reduce Conflicts Beginning April 1, 2021.</h1> The Central Government is introducing a Dispute Resolution Committee (DRC) for small and medium taxpayers as part of the Budget 2021-22 and Finance Bill, 2021. This initiative aims to resolve disputes early and reduce future conflicts by providing tax certainty. The DRC will handle cases where the returned income is fifty lakh rupees or less, and the variation proposed is ten lakh rupees or less. Certain cases, such as those involving searches or prosecutions, are excluded. The DRC can reduce penalties or grant immunity from prosecution. The scheme, effective from April 1, 2021, emphasizes faceless processes to enhance efficiency and transparency.
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