What is Vivad Se Vishwas Scheme? , Vivad Se Vishwas Scheme In Hindi | What Is Vivad Se Vishwas Scheme 2022 | Vivad Se Vishwas Scheme PDF
The Central Board of Direct Taxes of the Central Government has done the work of giving big relief to the taxpayers. The government has extended the deadline for making payments without any additional amount under the direct tax dispute redressal scheme ‘Vivad Se Vishwas’. It has been pushed forward by a month. Also Read…incometax.gov.in वेबसाइट शुरू, मिलेंगे ये फायदे
Vivad Se Vishwas Yojna 2022 – Friends, this question will be in your mind that Vivad Se Vishwas Scheme Kya Hai, What Is Vivad Se Vishwas Scheme 2022 We will give you the answer of your question in this article. Let us first inform you that the limit of payment under this scheme has been increased further. The main objective of this scheme is to solve the problems which are disputed. In a way, we can call this scheme a Direct Tax Dispute Resolution Scheme. Friends, in this article we will tell you What is Vivad Se Vishwas Scheme Will try to provide correct information related to this, so you read this article till the end. Also Read.. Income Tax Inspector या Income Tax Officer (आयकर अधिकारी ) कैसे बनें?
What is Vivad Se Vishwas Scheme?
This scheme was started by the Union Finance Minister Sitharaman on 1 February 2020. this one central government plan | In order to provide benefits to the people, the government has come up with various types of benefits from time to time. the government scheme is bringing The direct tax disputes of this scheme are to be resolved. Those who are taxpayers will have to pay only the disputed tax amount under this scheme and they will not have to pay any interest on it. Such type of taxpayers who have pending litigation in any form regarding tax. Vivad se Vishwas scheme benefit will be given. Under the scheme, if the taxpayers make any kind of appeal, then their identity will be kept secret.
Vivad Se Vishwas Yojana 2022 Highlights
Under this scheme, the taxpayer has to pay only the disputed taxes. No interest or penalty is levied on this amount by the tax department. For the taxpayer who takes advantage of this scheme, his identity is not disclosed by the government. The duration of this scheme has been extended from time to time so that more cases can be settled. Businessmen have also been included in this case who can settle their tax dispute. For whatever amount is decided under the scheme, a specified date is kept for which the taxpayer has to pay the money. If a case of less than 5 crores is caught in the raid, then this scheme can be availed. Although the matter is going on in the court and the punishment has been announced, then you cannot take advantage of the Vishwas scheme from the dispute. Also Read.. Purana ITR Download Kare – Purana ITR Kaise Nikale income tax return Acknowledgement download
|scheme name||Vivad se Vishwas scheme|
|plan type||central government scheme|
|planning launch||on 1 February 2020|
|Objective||Resolving direct tax disputes of taxpayers|
Purpose of Vivad Se Vishwas Scheme
The main objective of this scheme is to resolve the tax-related disputes of the taxpayers. The main objective of this scheme is to solve the pending tax disputes of the taxpayers. Pending cases related to direct tax, about 4.83 lakh cases of at least Rs 9.32 lakh crore are pending. Vivad Se Vishwas Scheme Under this, the taxpayers will have to pay only the disputed tax, they will not have to pay any interest or penalty on it. Taxpayers who are taxpayers will get benefit from this scheme, it will be easy to solve their pending tax litigation.
This scheme was started so that the tax matter should be settled on the tax forum instead of going to the court. If the case goes on in the court, it can drag on for a long time. Due to this, apart from mental trouble to the taxpayer, it can also affect the business or business. The tax department gives exemption from interest and penalty in this and the amount of disputed tax has to be paid only. Solving the matter by sitting together increases the trust between the taxpayer and the administration and gives an opportunity to avoid court proceedings. Those who want to take advantage of this scheme have to make payment by the due date.
Vivad Se Vishwas Yojna 2021 Payment Deadline
The deadline for making payments under this scheme has been extended further. Now the deadline for making payment under this scheme has been further extended till 31 March 2021. If you pay after 31st March 2021, then you may have to pay something different. Based on the notification of the Central Board of Direct Taxes, the declaration under this scheme will need to be made by December 31, 2020. If you pay by 31st March 2021, then you do not need to pay any additional amount for this and you do not need to pay any kind of interest. First Vivad Se Vishwas Yojana The last deadline for making payment under the scheme was 31 December 2020, which has now been extended to 31 March 2021.
Vivad Se Vishwas Scheme 2022
In this scheme, the date has already increased. This scheme came into effect on 17 March 2020. First this plan In order to provide relief to taxpayers, the limit for making declarations and payments was increased from 31 March 2020 to 30 June 2020. Later it was increased to 31 December 2020. Earlier the declaration and payment under this scheme needed to be done by 31st December 2020.
Vivad se Vishwas scheme allows amendment of declaration
Now the Income Tax Department has given permission to amend the declaration under the Vivad Se Vishwas scheme. The amendment can be made in the declaration till the authorization is due and a certificate has been issued with full details of tax payment. A new list of frequently asked questions has been released by the Central Board of Direct Taxes. Under which many questions have been answered. In this list, it has been told by the CBDT that the benefit of Vivad se Vishwas scheme cannot be availed when proceedings are pending before the Income Tax Settlement Commission or a petition is filed against the order of ITSC.
- If the bilateral settlement process is pending resolution or the taxpayer is not satisfied with the decision of the bilateral settlement process and has not accepted the same, then the dispute can be appealed under the trust scheme. It also stated that the declaration can be made by the taxpayer only in those cases in which the Advance Ruling Authority has ruled in the interest of the taxpayers and the department has filed an appeal in the High Court or Supreme Court and the income of the taxpayer is determined. In front of AAR.
- Due to the Corona period, in October, the government has extended the payment deadline for the third time till 31 March 2021 under the Vivad se Vishwas scheme. If you want to take advantage of this scheme then you have to submit the declaration by 31st December 2020.
Time limit for availing benefits of Vivad se Vishwas scheme
Under this scheme taxpayers will have to pay their tax by 31st March 2022 This scheme will continue till June 30, 2020. Therefore, all income taxpayers can take advantage of this scheme till 30 June 2020. The Finance Minister said that there are 4,83,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals), ITAT, High Court, and Supreme Court which will be resolved under this scheme.
Vivad Se Vishwas Scheme 2022 Application Process
Taxpayers who want to take advantage of this scheme, then they have to pay their tax on time. No information has been provided about the application under this scheme. As soon as there is an online application under this scheme, we will let you know through this article. Till then you have to wait a bit.
What is Vivid Se Vishwas Scheme?
This scheme has been started to solve the tax-related litigations of the taxpayers. This scheme has been started to resolve pending tax disputes under the scheme. The country’s Finance Minister Nirmala Sitharaman started this scheme on 1 February 2020.