{"id":335302,"date":"2020-02-03T10:20:52","date_gmt":"2020-02-03T04:50:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335302"},"modified":"2020-02-03T10:52:02","modified_gmt":"2020-02-03T05:22:02","slug":"budget-2020-scheme-on-i-t-disputes-wont-cheer-vodafone-and-cairn-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-2020-scheme-on-i-t-disputes-wont-cheer-vodafone-and-cairn-energy\/","title":{"rendered":"Budget 2020: Scheme on I-T disputes won&#8217;t cheer Vodafone and Cairn Energy"},"content":{"rendered":"<p>The finance minister announced a new scheme \u2018Vivad Se Vishwas\u2019 in the Budget, to end all pending income tax (I-T) disputes. Tax experts, however, say this will not attract big cases such as Vodafone and Cairn Energy, given the government is seeking 100 per cent of the tax demand upfront by March. Nevertheless, the schemes has waived off penalty and interest. <\/p>\n<p>\u201cWe have to wait for details of the scheme, as only the announcement has been made. However, to expect 100 per cent of the tax demand to be paid, particularly in the context that many of these demands are highly controversial, does not appear practical and, as such, the scheme does not seem appealing,\u201d said Ketan Dalal, managing partner of Katalyst Advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The finance minister announced a new scheme \u2018Vivad Se Vishwas\u2019 in the Budget, to end all pending income tax (I-T) disputes. Tax experts, however, say this will not attract big cases such as Vodafone and Cairn Energy, given the government is seeking 100 per cent of the tax demand upfront by March. Nevertheless, the schemes has waived off penalty and interest. \u201cWe have to wait for details of the scheme, as only the announcement has been made. However, to expect 100 per cent of the tax demand to be paid, particularly in the context that many of these demands are [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-335302","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=335302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}