Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Payment of Tax in case of Vivad Se Vishwash Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We have filed Application in respect of our various client under Vivad Se Vishwash Scheme before 24/03/2020. The DO i..e principal CIT has also uploaded Form No.3 on 04/05/2020 and in the said form it is mentioned that The declarant is hereby directed to make the payment of sum payable, if any, as per Balance amount payable / refundable after adjusting amount already paid above within Fiftee .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n days from the date of receipt of this certificate. In case of non-payment of amount payable within the said period, the declaration under Form-1 shall be treated as void and shall be deemed never to have been made. However the payment date under VSVS 2020 has been extended to 31/12/2020. I have quaries in this regards as follows: 1) Whether the Form No.3 uploaded by Department durin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g lockdown and compeling to make payment in 15 days which is also falle in lockdown situation is legaly vailid. 2) Whether in such case applicant has to make payment in 15 days or it will be automatically extended to 31/12/2020 even though there is no amendment in Sec.5 of VSVS 2020 . 3) If payment is not made within 15 days, as mentioned in form no.3 is the declaration under Form-1 s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hall be treated as void and shall be deemed never to have been made. In that case can i re apply the same application online. Please reply as early as possible - Reply By Surjeet Singh - The Reply = You have to make payment within 15 days of receipt of certificate from department as no amendment has been made in sec 5 of DTVSV Act, 2020. So, action by department during lockdown is valid. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... In case of non payment within 15 days the declaration under Form-1 shall be treated as void and shall be deemed never to have been made. For any further tax related queries contact on 9905126744. - Payment of Tax in case of Vivad Se Vishwash Scheme - Query Started By: - dileep patel Dated:- 2-6-2020 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply po .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... st by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates