Studycafe | Feb 26, 2020 |
VIVAAD SE VISHWAS SCHEME 2020 – INCOME TAX
KEY DATE
• Pay by 31st March, 2020 to avoid higher payment ELIGIBILITY
ELIGIBILITY
DISPUTES COVERED IN SCHEME
(i) Disputed tax
(ii) Disputed penalty
(iii) Disputed interest
(iv) Disputed fee
(iv) Disputed tax deducted at source (TDS) or tax collected at source (TCS)
VIVAAD SE VISHWAS SCHEME 2020 – INCOME TAX
SALIENT FEATURES : PAYMENT TERMS
| Payment made on or before | Appeal relates to disputed tax | Appeal relates only to disputed penalty or interest or fee |
| 31st March 2020 | 100% of the disputed tax (125% in search cases) | 25% of the disputed penalty or interest or fee |
| End date (30th June 2020) | 110% of the disputed tax (135% in search cases) such that it does not increase total demand | 30% of the disputed penalty or interest or fee |
If an issue in taxpayer’s pending appeal already decided in his favour by appellate forum or if Department has filed appeal on an issue, amount payable is 50% of aforesaid amounts.
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