With reference to the Taxation and Other Laws Relaxation of Certain Provisions Ordinance 2020 consid...........

Economic Affairs Tax System

With reference to the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, consider following statements

It aims to bring into effect various tax compliance related measures announced in the wake of COVID-19 pandemic.
Taxpayers can avail the Sabka Vishwas Legal Dispute Resolution Scheme 2019 till June 30, giving more time to settle their indirect tax disputes.
It comes at that time when the Parliament is not in session.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

Recently,the Government of India promulgated the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 to bring into effect various tax compliance related measures announced on March 24 in the wake of COVID-19 pandemic.

Taxpayers can avail the Sabka Vishwas Legal Dispute Resolution Scheme 2019 till June 30, giving more time to settle their indirect tax disputes.
Ordinances are like a law but not enacted by the Parliament but rather promulgated by President of India when Lok Sabha and Rajya Sabha or either of those is not in session. Hence statement 3rd is correct.