Question : The ______ scheme was announced during the Union Budget 2020 to provide for dispute resolution in respect of pending income tax litigation.
Option 1: Vishwas Vartaman ka
Option 2: Vivad Se Vishwas
Option 3: Vishwas ki Vriddhi
Option 4: Vitta par Vishwas
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Correct Answer: Vivad Se Vishwas
Solution : The correct answer is Vivad Se Vishwas .
In the 2020-21 budget, the Vivad Se Vishwas scheme was announced to provide for dispute resolution in respect of pending income tax litigation. It waves off interest, penalty and prosecution for those who settle their dues by March 31, 2021. The main objective of the scheme is to provide a mechanism for the resolution of pending tax disputes related to direct taxes in a simple way.
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