{"id":86453,"date":"2020-02-03T15:53:01","date_gmt":"2020-02-03T10:23:01","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13428"},"modified":"2020-02-03T15:53:01","modified_gmt":"2020-02-03T10:23:01","slug":"budget-2020taxation-and-governance","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/budget-2020taxation-and-governance\/","title":{"rendered":"Budget 2020:Taxation and Governance"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Finance minister has announced the Vivad Se Vishwas scheme in Budget 2020-21 that would help in reducing litigation.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About Vivaad se Vishwas Scheme:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Vivaad se Vishwaas is an amnesty scheme aims at reducing tax litigations pending at various forums.<\/li><li>Under the proposed scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by March 31, 2020.&nbsp;<\/li><li>Those who avail this scheme after that will have to pay some additional amount. The scheme will remain open till June 30, 2020.&nbsp;<\/li><\/ul>\n\n\n\n<p><strong>Taxpayer Charter<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Budget allocated funds to institutionalize a Taxpayer Charter.This is to ensure fairness and avoid harassment in the quest of collecting taxes from the citizens.&nbsp;<\/li><li>Only three countries in the world so far have enshrined the rights of taxpayers, namely Canada, Australia and the US.Through taxpayer charter, India also joins the list.<\/li><\/ul>\n\n\n\n<p><strong>National Recruitment Agency:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Government has announced a National recruitment agency to be set up for all computer based examinations for recruitment in government and public sector banks for non-gazetted posts.<\/li><\/ul>\n\n\n\n<p><strong>National Policy on Official Statistics:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Government of India will soon unveil a National Policy on Official Statistics.The policy is being prepared as the government is looking to address data quality issues with regard to various surveys.<\/li><li>The policy aims at providing timely, credible economic and social data to the people.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Finance minister has announced the Vivad Se Vishwas scheme in Budget 2020-21 that would help in reducing litigation. Facts: About Vivaad se Vishwas Scheme: Vivaad se Vishwaas is an amnesty scheme aims at reducing tax litigations pending at various forums. Under the proposed scheme, a taxpayer would be required to pay only the amount&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/budget-2020taxation-and-governance\/\">Continue reading <span class=\"screen-reader-text\">Budget 2020:Taxation and Governance<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[859,388],"class_list":["post-86453","post","type-post","status-publish","format-standard","hentry","category-economy","tag-taxation","tag-union-budget","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704482281},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86453"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86453\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}