Vivad Se Vishwas Act, 2020

2020年《直接稅維瓦德·塞維瓦斯法》，解決稅收爭端的計劃

The ‘Vivad se Vishwas’ Scheme was announced during the Union Budget, 2020, to provide for dispute resolution in respect of pending income tax litigation. The objective of Vivad se Vishwas is to inter alia reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpayers by providing them peace of mind, certainty and savings on account of time and resources that would otherwise be spent on the long-drawn and vexatious litigation process. It allows for pending appeals to be settled by taxpayers by paying due taxes with complete waiver of interest and penalty by March 31.