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vivaad se vishwas

Practical Case Studies on Tax Payable under the Vivad se Vishwas Scheme, 2020

In view of the outbreak of Novel Corona Virus (Covid-19), the Ministry of Finance has brought in an Ordinance called as "The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020", on 31.3.2020, in order to provide several relief measures relating to statutory and regulatory compliance matters. As per Clause No. 5 in Chapter IV of The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020, an amendment in section 3 of the Direct Tax V..

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Vivad se Vishwas: Settlement of Disputes under Income Tax Laws

Recently, measures have been taken by the government to reduce and settle the pending income tax litigations by introduction of Vivad se Vishwas (VsV) scheme through budget announcement, notifying it as an Act on 17th March, 2020 and thereafter rules regarding the scheme were also notified. This scheme aims to benefit both, the Government by generating timely revenue and the taxpayers who shall after opting for the scheme shall be relieved from the burden of various dues like intere..

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CBDT issues further clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020

1. During the Union Budget, 2020 presentation, the ‘Vivad’ se Vishwas’ Scheme was announced to provide for dispute resolution in respect of pending income tax litigation. Pursuant to Budget announcement, the Direct Tax Vivad Sc Vishwas Bill, 2020 (the Bill) was introduced in the Lok Sabha on 5th Feb, 2020. Subsequently, based on the representations received from the stakeholders regarding its various provisions, official amendments to the Bill w..

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Revised FAQs on Vivad se Vishwas Act, 2020

The Central Board of Direct Taxes(CBDT) issued a further clarification on the Vivad se Vishwas Act 2020. The 55 FAQs on the Vivad se Vishwas Act have been modified...

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Analysis of the Direct tax Vivad se Vishwas act, 2020

Vivad se Vishwas Scheme was announced in Budget 2020. The Scheme aims at speedy and hassle-free recovery of these outstanding Income Tax dues. This scheme has come into the force from 17th March, 2020 and the last date to avail this scheme without interest is 30th June, 2020...

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Direct tax Vivad se Vishwas Bill, 2020 receives Presidential assent and is an Act now

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 17th March, 2020/Phalguna 27, 1941 (Saka) The following Act of Parliament received the assent of the President on the 17th March, 2020, and is hereby published for general information: THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 NO. 3 OF 2020 [17th March, 2020.] An Act to provide for resolution of disputed ta..

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Vivaad Se Vishwas Case Study: Using Legal Analytics For Taking Decisions

This analysis is derived from a Vivaad Se Vishwas Decision Support Report...

Posted in articles |   1 comments |   1847 Views

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