Direct Tax Dispute Resolution Scheme- 2016 extended up to Jan 31

Hyderabad, Dec 30 (Maxim News): In view of the representations received from various stakeholders and for the convenience of the taxpayers, the last date for availing the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme)  has been extended up to 31st January, 2017. The scheme was to close on 31st December, 2016.

It is to mention here that in order to reduce the pending litigation, the Scheme was introduced by the Finance Act, 2016. The Scheme came into force from 1st June, 2016 vide notification S.O. 1902(E) dated 26th May, 2016.

The full text of the notification in this regard is available on the departmental website www.incometaxindia.gov.in. (Maxim News)