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The Direct Tax Vivad Se Vishwas Bill has approved by Parliament

Parliament passed a bill on Friday that will give taxpayers the ability to resolve their tax disputes by paying only due taxes with a complete waiver of interest and penalty by 31 March. The Direct Tax Vivad Se Vishwas Bill was passed by voters and returned as a money bill by Rajya Sabha. It was authorized on 4 March by Lok Sabha. Under the plan, an extra tax contested by 10% must be collected in excess of tax liability.

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