Govt extends deadline for making payment under Vivad Se Vishwas scheme till Jun 30 varpat

Symbolic picture

Symbolic picture

In view of the increasing cases of coronaviruses, the government has made a big announcement for taxpayers. The government extended the deadline for payment under the Vivad se Vishwas scheme from two months to 30 June by direct tax dispute.

New Delhi. In view of the increasing cases of coronaviruses, the government has made a big announcement for taxpayers. The government extended the deadline for payment under the Vivad se Vishwas scheme from two months to 30 June by direct tax dispute. It has been announced on Saturday. A statement has been issued by the Central Board of Direct Taxes (CBDT) stating that the deadline of Direct Tax Vivad se Vishwas Act, 2020 has been extended till June 30 keeping in view the corona. Let me tell you that till date, the last date for depositing tax without interest under the trust scheme from the dispute was 30 April 2021.

Know what is the dispute from trust scheme?
This plan was announced in the budget speech of February 2020 by Union Finance Minister Nirmala Sitharaman. Under this scheme, those taxpayers who have made their announcements by 31 March, those taxpayers will get exemption from interest and penalty for depositing the full amount of tax by 30 April. Under this scheme, there is a target of disposal of 4.83 lakh direct tax cases worth 9.32 lakh crore rupees. These cases are pending in various appellate forums such as Commissioner (Appeals), Income Tax Appellate Tribunal (ITAT), High Courts and Supreme Courts.

Who can take advantage of the scheme?

Till 31 January 2020, the scheme will be applicable on the cases of tax which were pending before the Commissioner (Appeals), Income Tax Appellate Tribunal, High Court or Supreme Court. Let us tell you that any pending cases can be related to tax, dispute, penalty and interest.




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