Quick Summary
As per the reports of the Income Tax Department, there are more than 4,50,000 pending cases before the appellate authorities under which an amount of more than 9 trillion Rupees is outstanding on the part of the assessees in these appeals. The Vivad se Vishwas Scheme aims at speedy and hassle-free recovery of these outstanding dues. The Income Tax Department has now, also released an E-brochure on the scheme. Download the E-Brochure via the link given below: Avail Vivad Se Vishwas Scheme,
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FAQ :
The Vivad se Vishwas Scheme is an initiative by the Income Tax Department aimed at the speedy and hassle-free recovery of outstanding tax dues and settling income tax disputes.
The scheme aims to resolve more than 4,50,000 pending cases before the appellate authorities.
The total outstanding amount on the part of the assessees in these appeals is more than 9 trillion Rupees.
The deadline for filing a declaration under the Vivad se Vishwas Scheme is 31st December, 2020.
Payment without any additional amount can be made by 31st March, 2021.
An e-brochure has been released by the Income Tax Department containing details about the scheme, which can be downloaded.
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