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Direct Tax Disputes Resolution Scheme 2016 - Boon or bane


Why not there be any takers for DTDRS 2016

Well analysed article From the scheme the smaal fries having demands below 10 lakhs may stand to be relieved from the penalties imposed In other cases also the interest need be paid till date of assessment order is a boon The only condition that all appeal writ petition etc to be first withdrawn in the cases of specified taxes is a hindrance indeed Otherwise even if the orders of Designated Authority is not complied the appeal survives and nothing to loose Compared to Indirect tax DRS the scheme is open ended and no closure date notified also is good There for indirect taxes no waiver of penalty in any case and so also waiver of interest . Hopefully there will be large number of small assessees who opt for same.

Unnikrishnan V 09/03/2016

 

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