DTPA has made a Representation to FM for extension of date for payment of amount under Vivad Se Vishwas Scheme to 31st July 2021 considering adverse impact on economy due to 2nd Wave of Corona. Full Text of their representation is as follows:-
DIRECT TAXES PROFESSIONALS’ ASSOCIATION
Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph – 033-22420638
Ref. No. DTPA/Rep/20-21/22
Date: 23rd April, 2021
To,
Mrs. Nirmala Sitharaman,
Hon’ble Finance Minister,
Ministry of Finance,
Government of India,
North Block,
New Delhi-110001
Respected Madam,
Sub: Suggestion for extending date of payment of tax/ amount under Vivad Se Vishwas Scheme (VSV) in view of Rising cases of Corona due to 2nd Wave seriously effecting business activities and other issues
We most humbly draw your Honour’s kind attention to the following in respect of VSV :
1. The date prescribed for payment of the amount (without extra amount of about 10 per cent) is prescribed s 30th April, 2021. However due to 2nd Wave of Corona since beginning of this month, the business activities are seriously affected and there is hardly any funds available. Corona 2nd Wave is likely to continue for another 3 to 4 months.
2. We therefore humbly Suggest for extending date of payment of tax/ amount under Vivad Se Vishwas Scheme (VSV), (without extra amount of about 10 per cent) in view of continuance of Rising cases of Corona due to 2nd Wave seriously effecting business activities
Accordingly, your honour may kindly extend the date for payment till 31st July, 20211 without any extra payment, under VSV.
3. In some of the cases it is seen that the option for filing withdrawal of appeal before CIT(Appeals) is not there in the efiling portal. Without filing the said letter the assessees are unable to file Form-4.
4. Similarly, due to COVID 19 there is considerable delay in withdrawal of appeal before Hon’ble High Courts. Without withdrawal of appeal the assessees are unable to file Form-4.
5. If your honour feel appropriate in National Interest the date for filing of Declaration under VSV Scheme may also be extended at least till 30th June, 2021.
Hoping for urgent consideration by your honour.
Yours faithfully,
For DIRECT TAXES PROFESSIONALS’ ASSOCIATION
Adv Narayan Jain
Chairman
Representation Committee
CA N.K. Goyal
President
CC To:
1. Sri Anurag Singh Thakur
The Hon’ble Minister of State for Finance
Government of India,
North Block
New Delhi-110001
2. Shri P. C. Mody,
Chairman, Central Board of Direct Taxes
Government of India,
North Block,
New Delhi – 110001
Author Bio
I fully agree , 2nd wave of Covid has not only hampered our business, but many have lost their dear ones, even after paying lots of money for Oxygen and Injections. Lost balance of mind, lost all savings. Rolling and collection of money is totally stopped.
Genuine Tax payers ready to pay Taxes by accepting the VSV SCHEME.
Due to very serious 2nd wave, which halted the country under lockdown for last 3 months. The Government should further extend the date of Payment without additional 10% up to 30th September 21.
This would be of great service to those unhappy Taxpayers , aggrieved by Assessment, preferred appeal. But ultimately decided to opt for VSV SCHEME and pay Tax to buy peace in life.
Govt of India and the finance minsitry has been helping the business community and micro enterpreneurs like me to a huge extent, having said so, it is dominantly visible that covid has taken out the lives of people and business alike leaving only shaken relatives , owners and employees. My humble request to the honorable finance minsiter is to extend the VSVS scheme upto 31st March 22 so that we can try to once again stand on our foot and pay the tax for development of India and help the phantom relief work being undertaken by our strong man Mr. Narendra Modi.
Its wonderful to see the super woman Nirmala sitaraman doing such a phantom job with the blessings of the prime minister. we the Cargo agents have been badly hurt due to cancel of scheduled international flights and the owners alongwith employees are almost on streets.Request your goodness to please put VSVS scheme to hold atleast upto 31st march 2022 for MSME beneficiaries like us to survive..