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President assent to Direct Tax Vivad Se Vishwas Bill, 2020 on 17th March, 2020

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Direct Tax Vivad Se Vishwas Bill, 2020 got the assent of President on 17th March, 2020 and has become the Direct Tax Vivad Se Vishwas Act, 2020 (VSVS) (the Act) . The Act will help Government to reduce Litigation on Direct Taxes and also offer an opportunity to taxpayers to get rid of litigation by opting in this Scheme.

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