A Direct Tax Vivad se Vishwas Scheme, 2024 is proposed to ...

Budget: Introducing Direct Tax Vivad se Vishwas Scheme 2024 for settling tax disputes, reducing litigation cost-effectively.

Notes Bill

July 28, 2024

A Direct Tax Vivad se Vishwas Scheme, 2024 is proposed to provide a mechanism for settlement of disputed tax issues, reducing litigation without significant cost to the exchequer. The Scheme aims to address the mounting pendency of appeals at the Commissioner of Income-Tax (Appeals) level, building on the success of the previous Vivaad Se Vishwas Act, 2020. It will come into force and have a last date as notified by the Central Government. The Scheme offers an opportunity for taxpayers and the Department to resolve pending appeals through an expeditious disposal mechanism.

View Source

← Previous Next →

A Direct Tax Vivad se Vishwas Scheme, 2024 is proposed to ...

Budget: Introducing Direct Tax Vivad se Vishwas Scheme 2024 for settling tax disputes, reducing litigation cost-effectively.

Notes Bill

July 28, 2024

You may also like:

THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 - AS INTRODUCED IN LOK SABHA

Clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - Circular

Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill, 2020 - Circular

Seeking release of attachment over the commercial property - The contention raised on behalf of the respondents that the attachment cannot be lifted to permit the...

Penalty proceedings u/s 271FA - late filing of the SFT statement Online by the appellant - appellant opted for the Vivad Se Vishwas Scheme and paid the due amount - Form...

Benefit of Direct Tax Vivad Se Vishwas Act 2020 - Correctness of revenue withdrawing the Form 3 declaration already issued in favour of the assessee - The scheme had...

Application under Direct Tax Vivad Se Vishwas Act, 2020 (DTVSV Act). - Seeking Adjust/give credit to the amount paid by petitioner under the Income Declaration Scheme,...

CORRIGENDA TO CIRCULAR NO. 9 OF 2020 - Clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - Circular

UNION BUDGET 2012-13 - DIRECT TAX - INCOME TAX.

Comprehensive review of Income-Tax Act, 1961 in six months proposed for simplification. All tax services to be digitalized and made paperless in two years. Vivad se...

Direct Tax Vivad se Vishwas Act - VSV Act - settlement of the dispute of petitioner for assessment year 2015-16 without withdrawing the interest already granted under...

The Finance (No. 2) Bill, 2024 encompasses provisions relating to tax proposals for the Union Budget 2024-25. It outlines amendments to various direct and indirect tax...

Benefit of the scheme under Direct Tax Vivad Se Vishwas Act, 2020 denied - delayed payment of just 25% of the amount - prima facie, we are of the considered opinion that...

Direct Tax Vivad Se Vishwas Scheme 2020 - whether the amount which was forfeited at the time of auction, is to be credited into the account of the petitioner or is to be...

Deceleration under Direct Tax Vivad Se Vishwas Act, 2020 - Revival of original declaration / order - validity of second and revised declaration -admittedly, Respondents,...

Quick Updates: