(Video) Rajya Sabha TV (RSTV) Laws in The Making: Direct Tax Vivad se Vishwas Bill, 2020


(Video) Rajya Sabha TV (RSTV) Laws in The Making: Direct Tax Vivad se Vishwas Bill, 2020


Topic: Direct Tax Vivad se Vishwas Bill, 2020

Guest:

  • Ved Jain, (Past President, The Institute of Chartered Accountants of India (ICAI)
  • I. P. Bansal, (Former Judicial Member Income Tax Appellate Tribunal (ITAT)
  • CA (Dr.) Girish Ahuja, (Chartered Accountant)
  • Virag Gupta, (Advocate, Supreme Court)

Topic Description:

The Finance Minister, in her 2020 Budget Speech, stated her intention to bring a scheme which provides a mechanism to resolve pending direct tax disputes. She subsequently introduced the Direct Tax Vivaad se Vishwas Bill in Lok Sabha on 5th February. The Bill establishes a resolution process by which income and corporate tax disputes can be settled. According to the Statement of Objects and Reasons of the Bill, Rs. 9 lakh crore are locked up in tax disputes.

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Courtesy: RSTV