Tax dispute solution scheme: is it for you?

According to reports, the Central Board of Direct Taxes (CBDT) is going to send emails to about 259,000 income tax assessees asking them to avail the benefits of the Direct tax dispute resolution scheme (DTDRS) 2016. These assessees have tax-related disputes (either related to income or wealth tax) with the tax department. The scheme opened on 1 June and is valid till 31 December 2016. Similar to the Income Declaration Scheme, 2016, this scheme is also voluntary, and an assessee is free to decide whether she wants to end the dispute by paying the due tax and penalty, or continue with it.

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