Income Tax "Vivad Se Vishwas" scheme introduced in Budget-20
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In her budget speech, Finance Minister propose to bring a scheme reducing litigations in the direct taxes called ‘Vivad Se Vishwas’ scheme wherein a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by 31st March, 2020. Those who avail this scheme after 31st March, 2020 will have to pay some additional amount. The scheme will remain open till 30th June, 2020. Taxpayers in whose cases appeals are pending at any level can benefit from this scheme. Today on 05.02.2020, FM introduced this bill in Lok Sabha, below is presentation on the same for understanding. #pdf
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