The Direct Tax Vivad se Vishwas Bill 2020 – Deloitte India’s Perspective

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This is Deloitte’s Analysis page entirely dedicated to the discussion and deconstruction of the Direct Tax Vivad se Vishwas (from Dispute to Trust) Bill 2020. The Finance Minister of India, Ms. Nirmala Sitharaman, tabled the Bill in the Lower House on February 5, 2020. It looks to quickly resolve the 4,80,000 income and corporate tax disputes pending with different Appellate Forums of the country. Know everything you need to here as Deloitte brings to you detailed reports and webcasts, the links of which are here on this page and in one place.


What is in it for you?

The entire build-up to the Direct Tax Vivad se Vishwas Bill 2020 is aligned chronologically for you on this dedicated page. Right from the inspiration that drove the Finance Minister to place this Bill on the table to Deloitte India Partner, Ashutosh Dikshit, explaining the finer nuances of the Bill in detail, this is your go-to link to engage directly with all the information you will ever need about the Direct Tax settlement Bill. You will also find the recordings of Deloitte’s previous webcasts in a streaming format where eminent experts share their views about the scheme.

Expert opinions suggest that the tax-related benefits are available to both sides of the fence. There are concessions available for some appellants, provided they keep to the suggested norms. A few dates are noteworthy as well. Deloitte has included all the relevant details in a single page where the enthusiasts and the interested alike can not only engage with the required information but also explore their specific implications.

Waivers, penalties, and more

The Direct Tax Vivad se Vishwas Bill 2020 does seem like a straight-forward scheme from the surface but the fine print contains data relevant to penalty waivers and surcharges. Plus, not all appellants can claim tax dispute settlements as the Bill does not accommodate a few kinds of defaulters, both from domestic and international locations. There are also provisions regarding the steps that ensue after the dispute is settled and scenarios when the issues can be revived even after settlement.

Deloitte also gives you a peek into the immunity clause mentioned in the bill. Through the webcasts, presentations, and reports, they seek to paint a basic but intricate picture of the Direct Tax Vivad se Vishwas Bill 2020. The Government of India is striving to make taxes easier for everyone while we, through our analysis, push to make the legal jargon simpler for you. Check out this complete guide to The Direct Tax Vivad se Vishwas Bill 2020

Location: India

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