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‘Vivad se Vishwas Scheme’ was recently in the news. Which of the following Ministry/Body is the nodal agency for its implementation?
  • a)
    Department of Economic Affairs
  • b)
    Ministry of Social Justice and Empowerment
  • c)
    Ministry Of Finance
  • d)
    Ministry of Law and Justice
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
‘Vivad se Vishwas Scheme’ was recently in the news. Which ...
In News- Recently, the Central Government further extended the date for making payment under the Vivad se Vishwas scheme, without additional amount from 31st December 2020 to 31st March 2021.
Option C is correct: Vivad se Vishwas Scheme is a direct tax scheme announced in the Budget 2020, for settling tax disputes between individuals and the income tax department. Ministry Of Finance is the nodal ministry for the implementation of the scheme.
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‘Vivad se Vishwas Scheme’ was recently in the news. Which of the following Ministry/Body is the nodal agency for its implementation?a)Department of Economic Affairsb)Ministry of Social Justice and Empowermentc)Ministry Of Financed)Ministry of Law and JusticeCorrect answer is option 'C'. Can you explain this answer?
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