Vivad se Vishwas is a direct tax scheme for the settlement of tax disputes between the assessee and the department. On 24th April 2021, the government has again extended the Vivad se Vishwas Scheme Last date by 2 months.
Vivad se Vishwas Scheme Last Date Extended
In the light of the second wave of covid-19, raging across India, the government has extended the deadline for making payments under the Direct tax Vivad se Vishwas dispute resolution scheme and some compliance under the Income Tax Act by two months till June 30.
Prior to this, the government had extended the deadline for availing the tax dispute settlement scheme five times till March 31, and according to the previous time frame, those who had applied to settle their tax dispute under the Direct Tax Vivad se Vishwas Act were required to pay the settled tax amount by April 30.
The deadline for a declaration under the scheme ended on 31st Match 2021.
It has also been decided that the time for payment of the amount payable under the Direct Tax Vivad Se Vishwas Act, 2020, without an additional amount shall be further extended to 30th 2021.,тАЭ Central Board of Direct Taxes (CBDT) said in a statement.
Vivad se vishwas scheme last date
This latest extension will provide relief to those who had opted for the scheme but could not pay their installment on time due to the pandemic situation in the country.
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Vivad se Vishwas Scheme Last Date Notification
Govt grants respite to taxpayers in difficult COVID times. Extends certain timelines. Time barring dates extended to 30th June 2021 for certain cases. Dt for payment under #VivadSeVishwas Act, 2020 without additional amount also extended to 30th June 2021. Press release issued. The same can be viewed and downloaded from here-
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)