4(Vivad se Vishvas) Flashcards
1
Q
what is it
A
Tax amnesty scheme announced by Finance minister in budget
2
Q
what it aims for
A
1 reduce tax litigations pending at various forums
2 tax payer should only pay the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by march 31 2020
3
Q
what other provsion was made
A
Taxpayer charter would be formulated to avoid tax terrorism
4
Q
Is India the first country to have such charter
A
Nope but 4th one afterCannada,USA,Aus
