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Direct Tax Vivad se Vishwas Bill: How govt aims to reduce direct tax litigation

The Direct Tax Vivad se Vishwas Bill, 2020 Approx Read Time: 5 minutes In News: The finance minister has introduced The Direct Tax Vivad se Vishwas Bill, 2020 in the Lok Sabha to give effect to the Budget announcement to resolve direct tax disputes. The scheme is modelled on a similar scheme (Sabka Vishwas Scheme) …

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Governance Bytes: National e-Assessment Centre

Govt. unveils faceless I-T assessment, opens National e-Assessment Centre Approx Read Time: 2 minutes In News: Department of Revenue, Ministry of Finance has launched the faceless assessment system in the Income Tax department and has inaugurated the National e-Assessment Centre. The nodal National e-Assessment Centre (NeAC) will be located in Delhi and headed by the …

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