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CBDT extends deadline for payment under Vivad se Vishwas scheme

  • Published
    1st Sep, 2021

Discuss the role of ‘Honouring the honest platform’ and the ‘Direct Tax Vivad se Vishwas Scheme’ in promoting tax compliance among Indians.  (150 Words)

Approach:

  • Introduce by giving a statistic like only 1.5 crore Indians (out of 130 crores) pay income tax. And the tax to GDP ratio of ~17% is much less than the average of 21% of emerging market economies.
  • Enumerate the major provisions of ‘Honouring the honest platform’ and ‘Direct tax Vivad se Vishwas scheme’
  • Discuss the positive impact of these schemes on taxpayers behavior and ease of compliance.
  • Way Forward / Conclusion
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