Indian Income Tax Department launches e-Dispute Resolution Scheme (e-DRS) for expedited income tax dispute resolutions.

The Indian Income Tax Department launched the e-Dispute Resolution Scheme (e-DRS) to streamline and expedite income tax dispute resolutions, reducing litigation and offering a more cost-effective resolution for taxpayers. Under e-DRS, taxpayers can opt for dispute resolution electronically through Dispute Resolution Committees (DRCs), if their disputed amount does not exceed ₹10 lakh and their income for the relevant year is below ₹50 lakh. DRCs can modify orders, reduce penalties, or waive prosecution within six months of receiving an application. Applications must be filed within one month of receiving the specified order.

August 30, 2024
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