Parliament Live: Cong questions J-K leaders' absence from Lok Sabha

Finance minister Nirmala Sitharaman will bring a bill to give effect to her budget announcement of Vivaad se Vishwas (dispute to trust) in India’s tax mechanism.The bill, aptly named The Direct Tax Vivad Se Vishwas Bill, 2020, will be introduced in the Lok Sabha around 12 noon after the Question Hour. The bill aims for resolution of disputed tax and related matters.

In her budget speech on February 1, Sitharaman announced “Vivad se Vishwas” scheme to resolve 483,000 direct tax disputes pending in various tribunals. The scheme offers waivers of penalty and interest if the disputed amount is paid before March 31, 2020.

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