Vivad se Vishwas Scheme 2020

Last updated: 27 May 2020

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This document provides a comprehensive overview of the Vivad se Vishwas Scheme 2020, a direct tax dispute resolution initiative. It details the scheme's objectives, such as reducing litigation and facilitating tax collection, and outlines who is eligible to participate. The guide also covers the amount payable by declarants, potential benefits like immunity from interest and penalties, and clarifies common issues and FAQs related to the scheme's application.

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Guided by â€œSabka Saath, Sabka Vikas, Sabka Vishwasâ€, the Finance Minister Smt. Nirmala Sitharaman had introduced a new No Dispute but Trust Scheme â€“ â€˜Vivad Se Vishwasâ€™ in the Budget 2020 in the Lok Sabha on 5th February, 2020. Expectations are that the new scheme will work better than erstwhile similar scheme â€œThe Direct Tax Dispute Resolution Scheme, 2016â€, given the kind of cases that are in appeal. To know more:https://itatorders.in/blog/eligible-person-under-vivad-se-vishwas-scheme-2020/ Get consultation under the VSV scheme and calculate your taxes: https://itatorders.in/vsvcalculator Facebook: https://www.facebook.com/mehulca Twitter: https://twitter.com/mehulshahca LinkedIn: https://www.linkedin.com/in/mehul87/ #pdf

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Submitted by MEHUL SHAH · Posted 27 May 2020 · Other files by MEHUL SHAH · Report

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