The Direct Tax Vivad Se Vishwas Scheme, 2024, which came into force on 1 October 2024, aims to:
- Atax digital assets
- Breward honest taxpayers with cash
- Csettle pending income tax disputes
- Dgive tax holidays to start-ups
Show answer and explanation
Correct answer: (c) settle pending income tax disputes
Explanation
DTVSV 2024 offers a lower settlement amount to new appellants than to old ones, to cut litigation.