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VIVAD SE VISHWAS NEWS

Dec 31 last date for these financial tasks: Income tax return, Vivad Se Vishwas scheme, GST annual return

December 30, 2020 3:09 pm

Income Tax Return (ITR), GSTR-9 Annual Return Filing: From FY 2019-20 income tax return (ITR) to furnishing FY 2018-19 GST annual returns, December 31 is the last date for these financial tasks.

Vivad Se Vishwas: I-T Dept allows revision of declarations

December 07, 2020 1:59 am

In a set of FAQs issued on the scheme, the Central Board of Direct Taxes (CBDT) said that it cannot be availed in a case where proceedings are pending before Income Tax Settlement Commission (ITSC) or where writ has been filed against the order of ITSC.

Rs 72,480 crore collected till November 17 under Vivad se Vishwas

November 19, 2020 10:37 am

Of the total disputed amount of Rs 1.32 lakh crore covered by declarations under the scheme so far, the share of CPSUs is pegged to be 76 per cent.

Vivad se Vishwas scheme: Declarations can be filed even where prosecution notice has been issued

April 23, 2020 12:57 am

The CBDT had, on March 4, issued a detailed FAQs on the scheme. In its Wednesday circular, the department has modified the answer to a question pertaining to prosecution cases with a view to “reflect the correct intent of law”.

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Vivad se Vishwas scheme: Top lawyer calls for extension of deadline to April 30

March 21, 2020 2:52 pm

Under the Vivad se Vishwas scheme, designed for settlement of tax disputes pending in appeal as of January 31, 2020 or where the time for filing appeal has not expired, an assessee can make a declaration electronically under the prescribed form, and within 15 days the government will verify the tax payable and raise demand.