Vivad Se Vishwas Scheme 2020 FAQ’s
During the Union Budget, 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to
provide for dispute resolution in respect of pending income tax litigation. Pursuant to Budget
announcement, the Direct Tax Vivad se Vishwas Bill, 2020 (the Bill) was introduced in the Lok
Sabha on 5th Feb, 2020. Subsequently, based on the representations received from the stakeholders
regarding its various provisions, official amendments to the Bill were proposed. These amendments
sought to widen the scope of the bill and reduce the compliance burden on taxpayers.