News Muncher - category se vishwas

1 week, 2 days ago

ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15, 2025

The Income Tax Department has extended the 2024 deadline for the Vivad Se Vishwas Scheme 2024 to January 31, 2025. Originally scheduled to end on December 31, 2024, the extension gives taxpayers additional time to resolve low-level tax disputes avoiding a 10 per cent penalty for late filings. Benefits of extension of time Announced in Budget 2024, the Vivadase Vishwas …

Income Tax Se Vishwas Vishwas Extended Se Vishwas Extended

1 week, 2 days ago

Income Tax extends Vivad Se Vishwas deadline to January 31. Key penalty details

India Today

The Income Tax Department has extended the deadline for the Vivad Se Vishwas Scheme 2024, giving taxpayers a fresh opportunity to settle disputes at lower tax rates. KEY BENEFITS OF THE EXTENDED DEADLINE The Vivad Se Vishwas Scheme, announced in Budget 2024, allows taxpayers to settle pending disputes by paying a lower amount of disputed tax along with specified percentages. …

Tax Income Tax Vivad Se Vishwas Taxpayers Scheme 2024

1 week, 3 days ago

Vivad Se Vishwas Scheme 2024: I-T dept extends deadline to avail interest, penalty waiver till January 31

Live Mint

Vivad Se Vishwas Scheme 2024: The income tax department on Monday, December 30, extended the due date for determining the tax dues and filing declaration under the Vivad Se Vishwas scheme for waiver of interest and penalty, by a month, till January 31, 2025. According to the original rules of the Direct Tax Vivad Se Vishwas scheme, taxpayers filing declaration …

Tax 2024 Scheme Vivad Se Vishwas Vishwas Vivad Vivad Se Vishwas Scheme

2 weeks, 2 days ago

Vivad Se Vishwas Scheme 2024: Settle income tax disputes by December 31 to avoid penalties

Live Mint

Vivad se Vishwas Scheme 2024: Taxpayers facing income tax disputes can choose to settle their tax disputes under the Vivad se Vishwas Scheme 2024. Any application made on or after 1st January 2025 will not be eligible for a lower tax amount under the Vivad Se Vishwas Scheme If taxpayers file a declaration before December 31, 2024, they must pay …

Tax Income 2024 Department Income Tax Department Vivad Se Vishwas Vivad

2 weeks, 2 days ago

Vivad Se Vishwas Scheme 2024: Settle income tax disputes by December 31 to avoid penalties

Live Mint

Vivad se Vishwas Scheme 2024: Taxpayers facing income tax disputes can choose to settle their tax disputes under the Vivad se Vishwas Scheme 2024. Any application made on or after 1st January 2025 will not be eligible for a lower tax amount under the Vivad Se Vishwas Scheme If taxpayers file a declaration before December 31, 2024, they must pay …

Income Department Scheme Income Tax Department Vivad Se Vishwas Vishwas Vivad

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31

Live Mint

With the Calendar Year set to culminate in a few days, there are a few income tax deadlines that are set to expire at the same time. These deadlines relate to the filing of belated income tax return, Vivad Se Vishwas and declaration of foreign assets. Filing of belated return: Typically, the last date to file income tax return is …

Income File Itr Dec Vivad Se Vishwas Tax Return Foreign Income

2 weeks, 6 days ago

Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily

India Today

In a bid to bring relief to taxpayers, the Direct Tax Vivad Se Vishwas Scheme 2024, introduced in Budget 2024, offers a simplified route to resolve income tax disputes. Is an appeal filed against intimation under section 143 of the Act and pending as of July 22, 2024, eligible for the DTVSV Scheme 2024? Can the DTVSV Scheme 2024 be …

Appeal Settlement 2024 Filed Taxpayer Eligible Such Cases

3 weeks, 2 days ago

Vivad Se Vishwas Scheme 2024: Income tax department releases FAQs to address queries of taxpayers

Live Mint

In order to bring early resolution of the disputes pending between taxpayers and the income tax department, the Ministry of Finance rolled out Vivad Se Vishwas Scheme 2024 in October this year. Here, we have reproduced some of the common doubts which the taxpayers have in relation to the dispute resolution scheme aka Direct Tax Vivad Se Vishwas Scheme 2024. …

Appeal Income 2024 Scheme Taxpayer Income Tax Department This Scheme

3 weeks, 5 days ago

Form 26B Under Income Tax Rules Not Required For Refund Once Form 5 Under 'Vivad Se Vishwas' Act Is Issued: Allahabad High Court

Live Law

The Allahabad High Court has held that an assesse claiming refund of excess TDS is not required to fill Form 26B under the Income Tax Rules once Form 5 of the Vivad Se Vishwas Act, 2020 has been issued to them. Subsequently, petitioner withdrew the Income Tax Appeal and the respondent issued an order for final settlement of Tax under …

Tax Court Income Tax Income Act Form Refund

3 months, 2 weeks ago

Direct Tax Vivad Se Vishwas scheme, 2024 to come to force from 1 October

Live Mint

New Delhi: The Union government on Friday said the second edition of the Direct Tax Vivad Se Vishwas Scheme 2024, which will help reduce litigation and bring certainty for taxpayers, will become operational from 1 October. {{^adFree}} {{/adFree}} "In exercise of the powers conferred by sub-section of section 88 of the Finance Act, 2024, the Central Government hereby appoints the …

Tax 2024 Adfree Scheme Come 1 October Vivad Se

1 year, 4 months ago

Direct Tax Vivad Se Vishwas Act| Delay Can Be Condoned In Unforeseen Circumstances: Allahabad High Court

Live Law

The Allahabad High Court, on Friday, allowed petitioner to avail benefits under Direct Tax Vivad Se Vishwas Act, 2020 despite a delay of 3 days in filing application under the Act. The Parliament enacted the Direct Tax Vivad Se Vishwas Act, 2020 for the resolution of disputed tax to relieve the taxpayers from paying interest and penalty on the escaped …

High Court Tax Delay 2020 Act Scheme Petitioner

2 years, 2 months ago

Admission of Appeals As A Condition Precedent To Be Eligible For Settlement Under Vivad Se Vishwas Scheme Is Contrary To Law: Delhi High Court

Live Law

The Delhi High Court has ruled that the Central Board of Direct Taxes FAQ No. 59 of Circular No.21/2020 dated December 4, 2020, which contemplates admission of appeal before the filing of declaration as a condition precedent for the appeal to be treated as pending and eligible for settlement under the Vivad Se Vishwas Scheme is contrary to law.The division …

Appeal Assessment Delhi High Court 2020 Act Scheme Filing

3 years, 9 months ago

As Deadline Ends Today, Here’s Checklist of Financial Tasks You Need to Complete

News 18

Dealing with the ongoing Covid-19 pandemic and its consequences would most probably be the top priority for you. With the financial year ending today, there are certain financial tasks that need to be completed before the deadline of March 31 to avoid paying a penalty. Filing revised ITR The Central government has also given time until March 31, 2021 for …

Tax Centre Scheme Pan Deadline 2021 Vivad Se Vishwas

3 years, 9 months ago

Financial Tasks You Need to Complete Before March 31, Details Here

News 18

Dealing with the ongoing Covid-19 pandemic and its consequences would most probably be the top priority for you. Filing revised ITR The Central government has also given time until March 31, 2021 for filing the revised or delayed income tax return for FY 2019-20. LTC Cash Voucher Scheme Central government employees need to submit their Leave Travel Concession Cash Voucher …

Tax Centre Scheme Pan Deadline 2021 Vivad Se Vishwas

4 years ago

Deadlines extended for declaration under Vivad Se Vishwas scheme: All you need to know

India Today

The government again extended the deadline for settling tax disputes under the Vivad se Vishwas scheme without paying any interest and penalty by the month to January 31, 2021, from December 31, 2020. The government has extended various tax compliance deadlines, including Income Tax Returns, tax audit reports, and declaration under 'Vivad Se Vishwas Scheme, in view of the challenges …

Tax Itr Deadline Extended Deadlines Vivad Se Vishwas Scheme

4 years, 1 month ago

Vivad Se Vishwas Scheme Garners Rs 72,480 Crore Tax to Govt So Far

News 18

The government has garnered Rs 72,480 crore so far through the direct tax dispute resolution scheme Vivad Se Vishwas, sources said. The government had last month extended for the third time the deadline for making payment under the Vivad Se Vishwas scheme by three months to March 31, 2021 in view of the ongoing pandemic. The Direct Tax Vivad se …

Tax 2020 Scheme Vivad Se Vishwas Vishwas Vivad Disputed

4 years, 2 months ago

Declarants Under Vivad Se Vishwas Scheme Have Time Till March 31 to Make Payment

News 18

The Income Tax Department on Wednesday said taxpayers making declarations under direct tax dispute resolution scheme 'Vivad Se Vishwas' will have time till March 31 to make payment. "It is hereby clarified that where a declarant files a declaration under Vivad se Vishwas on or before 31st December, 2020, the designated authority, while issuing the certificate under sub-section of section …

Tax Payment 2020 Scheme Declaration Vivad Se Vishwas

4 years, 5 months ago

Compute tax demand for all assessees by Aug 31, dispose of pending appeals: CBDT chief to taxmen

The Hindu

With tepid collections proving to be a challenge in meeting tax revenue goals, CBDT Chairman P.C. In a letter to Principal Chief Commissioners of Income Tax, Mr. Mody said that many taxpayers are waiting to file applications under ‘Vivad Se Vishwas’ scheme, but they are also waiting for correct demand to be intimated to them. of cleaning up of the …

Tax Income Tax Crore Lakh Mis Scheme Appeals

4 years, 8 months ago

Vivad Se Vishwas Scheme Not Applicable Where Prosecution Has Started, Clarifies CBDT [Read Circular]

Live Law

The Central Board Direct Tax on Wednesday clarified that taxpayers will not be able to avail benefits under the Vivad se Vishwas scheme in cases where prosecution has been instituted.The CBDT, through a FAQ has, has clarified that, "where only notice for initiation of prosecution has been issued without prosecution being instituted, the assessee is eligible to file declaration. The …

Prosecution Disputes Fee Vivad Se Vishwas Vivad Cbdt Disputed Tax

4 years, 8 months ago

Vivad se Vishwas scheme: Assessee eligible to file declarations despite issuance of notice to initiate prosecution

Firstpost

In the FAQ issued on 4 March, the CBDT said that where notice for initiation of prosecution has been issued with reference to tax arrears, taxpayer has a choice to compound the offence and opt for Vivad se Vishwas. New Delhi: Entities against whom prosecution has not been instituted even though a notice has been issued can avail the direct …

High Court Tax Cases Prosecution Notice Scheme Issued

4 years, 10 months ago

‘Vivad se Vishwas’ scheme: Cases in arbitration abroad eligible, says I-T dept

The Hindu

Income tax cases being arbitrated abroad will be eligible to be taken up under the proposed ‘Vivad se Vishwas’ scheme to settle disputes between the taxman and the taxpayer, the department said on Saturday. Other eligibilities are: Orders for which time for filing appeal has not expired on January 31; cases pending before dispute resolution panel or where the DRP …

Cases Scheme Vivad Se Vishwas Vishwas Vivad Disputed Disputed Tax

4 years, 10 months ago

90% of pending income tax cases will be settled under ‘Vivaad Se Vishwas’, says Minister

The Hindu

The government expects to resolve 90% of the income tax disputes through ‘Vivaad se Vishwas’ scheme announced in the Budget for 2020-21, Union Minister Anurag Singh Thakur said on Tuesday. “We hope more than 90% pending income tax cases will be settled under ‘Vivaad Se Vishwas’,” Mr. Thakur said, while speaking at an employment fair organised by a local non-profit, …

Tax Income Tax Thakur Vivaad Se Vishwas

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Articles for Se Vishwas

ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15, 2025

Income Tax extends Vivad Se Vishwas deadline to January 31. Key penalty details

Vivad Se Vishwas Scheme 2024: I-T dept extends deadline to avail interest, penalty waiver till January 31

Vivad Se Vishwas Scheme 2024: Settle income tax disputes by December 31 to avoid penalties

Vivad Se Vishwas Scheme 2024: Settle income tax disputes by December 31 to avoid penalties

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31

Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily

Vivad Se Vishwas Scheme 2024: Income tax department releases FAQs to address queries of taxpayers

Form 26B Under Income Tax Rules Not Required For Refund Once Form 5 Under 'Vivad Se Vishwas' Act Is Issued: Allahabad High Court

Direct Tax Vivad Se Vishwas scheme, 2024 to come to force from 1 October

Direct Tax Vivad Se Vishwas Act| Delay Can Be Condoned In Unforeseen Circumstances: Allahabad High Court

Admission of Appeals As A Condition Precedent To Be Eligible For Settlement Under Vivad Se Vishwas Scheme Is Contrary To Law: Delhi High Court

As Deadline Ends Today, Here’s Checklist of Financial Tasks You Need to Complete

Financial Tasks You Need to Complete Before March 31, Details Here

Deadlines extended for declaration under Vivad Se Vishwas scheme: All you need to know

Vivad Se Vishwas Scheme Garners Rs 72,480 Crore Tax to Govt So Far

Declarants Under Vivad Se Vishwas Scheme Have Time Till March 31 to Make Payment

Compute tax demand for all assessees by Aug 31, dispose of pending appeals: CBDT chief to taxmen

Vivad Se Vishwas Scheme Not Applicable Where Prosecution Has Started, Clarifies CBDT [Read Circular]

Vivad se Vishwas scheme: Assessee eligible to file declarations despite issuance of notice to initiate prosecution

‘Vivad se Vishwas’ scheme: Cases in arbitration abroad eligible, says I-T dept

90% of pending income tax cases will be settled under ‘Vivaad Se Vishwas’, says Minister