Quick Summary
The scheme Vivad Se Vishwas is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. Giving more details, the Minister tabled data of cases settled and amount under the said scheme is as per table given below: Current Status declaration
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FAQ :
The Vivad Se Vishwas scheme is a voluntary initiative by the government to resolve pending direct tax disputes amicably with taxpayers.
A total of Rs 99,756 crore in disputed tax amounts has been settled under the Vivad Se Vishwas scheme.
No, the government did not fix any targets under the Vivad Se Vishwas scheme.
Over 1,32,353 declarations have been filed, settling 1,46,701 disputes.
Union Minister of State for Finance, Shri Pankaj Chaudhary, announced the details in a written reply in Lok Sabha.
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