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Dispute Resolution Committee Process for Tax Disputes: What You Need to Know

The Dispute Resolution Committee (DRC), introduced under Section 245MA of the Income Tax Act, 1961, provides taxpayers with an alternative mechanism for resolving tax disputes. Designed to expedite the resolution of conflicts between taxpayers and the Income Tax Department,

What Features Are Included in the New Scheme of Dispute Resolution Committee Under Section 245MA?

The Dispute Resolution Committee (DRC), as introduced under Section 245MA of the Income Tax Act, 1961, brings a significant shift in the way tax disputes are resolved in India. Designed to offer a faster, more efficient, and transparent alternative

What You Need to Know About Parliamentary Review of Dispute Resolution Notifications Under Section 245MA(5)

In the process of resolving tax disputes, the Central Government plays a critical role in ensuring that any modifications or provisions related to the Dispute Resolution Scheme are transparent, effective, and in compliance with the law. Section 245MA(5) of

Modifications to the Dispute Resolution Process Under Section 245MA(4): What You Need to Know

The Dispute Resolution Committee (DRC) under Section 245MA of the Income Tax Act, 1961 provides taxpayers with a mechanism to resolve tax disputes efficiently. However, the Central Government has been granted the power to modify or exempt certain provisions

What is the Purpose of Constituting One or More Dispute Resolution Committees Under Section 245MA(1)?

The Indian tax system aims to provide an effective, transparent, and fair dispute resolution process for taxpayers. To address this need, Section 245MA(1) of the Income Tax Act, 1961, empowers the Central Government to constitute one or more Dispute