The tax amnesty is on track to become the highest in the country’s history, with the government collecting $2.38 billion in revenue as of Monday, Finance Minister Colm Imbert has said.

Although the controversial tax amnesty that captured national attention ... encourage taxpayers to voluntarily regularize undeclared income and profits before January 1, 2024.

In the previous budget, the government introduced significant reforms under the Direct Tax Vivad Se Vishwas Scheme 2024, ...

The general tax amnesty was supposed to cover all national internal revenue taxes, such as income, withholding, capital gains, donor’s, value-added, percentage, excise and documentary stamp taxes.

The backlog of appeals at various layers of tax litigation/dispute resolution is not only huge, but growing even in proportion to the tax revenues. (Image/Freepik) India has seen multiple tax amnesty ...