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vivad se vishwas

Govt. increases payment date for Vivad se Vishwas Scheme to 31.03.2021

Payment Date Extended for Vivad se Vishwas Scheme Finance Secretary urges I-T Department to Reach Out to the Taxpayers In order to provide further relief to the taxpayers desirous of settling disputes under Vivad se Vishwas Scheme, the Government today further extended the date for making payment without additional amount from 31st December 2020 to 31st March 2021. The last date for making declar..

Posted in news |   2 comments |   1171 Views

Due date to file Income Tax Return and Tax Audit extended for FY 2019-20

The FM announced the economic relief package on the 13th of May 2020 to fight the COVID-19 crisis. In her announcement dated 13/05/2020, the Finance Minister announced various Direct Tax Changes. The objective of the relief measures is to form an "Aatma Nirbhar Bharat". To fulfill the objective the FM announced various relief measures to be given to the MSMEs. In her speech, the FM announced the extension of the due date to file the Income Tax Return and Tax Audit for the Financial Ye..

Posted in news |   15 comments |   11287 Views

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..

Posted in news |   1 comments |   654 Views

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...

Posted in articles |   1 comments |   527 Views

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...

Posted in articles |   7 comments |   811 Views

Key Highlights of Vivad Se Vishwas Scheme

Key Highlights of Vivad Se Vishwas SchemeOn 01st February, 2020 Hon’ble Finance Minister in Budget Speech announce this scheme which is now seen as a gold..

Posted in articles |   12 comments |   3949 Views

Vivad se Vishwas declaration forms notified

  After the enactment of the Direct Tax Vivad se Vishwas Act, 2020 (VSVS)on the 17th of March, 2020 the government has now notified the Direct Tax Vivad se Vishwas Rules, 2020 alongwith Forms-1 to 5  on 18.3.2020 vide notification No.18 of 2020. The Forms are required to be filed by the declarant electronically only. No paper form shall be accepted. The Designated Authority shall also issue the certificate and order electronically only. The declaration under the VS..

Posted in news |   601 Views

FM reaches out to CAs for promoting Vivad se Vishwas Scheme

The Institute of Chartered Accountants of India (ICAI) has always supported various initiatives &amp;&nbsp; schemes launched by the Government for the benefit of stakeholders &amp; public at large. In its endeavour to reach to maximum number of Chartered Accountants &amp; clear their doubts, ICAI through its Direct Taxes Committee organised a Live Webcast on &ldquo;The Direct Tax - Vivad se Vishwas Bill, 2020&rdquo;&nbsp;&nbsp;on March 16, 2020 at ICAI Head Office , New Delhi. The &#39;<a href="

Posted in news |   807 Views

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

FAQ's on Vivad se Vishwas Scheme by CBDT

The &lsquo;Vivad se Vishwas&rsquo; Scheme was announced during the Union Budget, 2020, to provide for dispute resolution in respect of pending income tax litiga..

Posted in articles |   4332 Views

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