CLARIFICATION REQUIRED AFTER Circular NO. 7 DT 4-3-2020 on VIVAAD SE VISHWAS SCHEME, 2020 1. As per the scheme appellant will file a declaration before “DA” on prescribed form and “DA” will take 15 days to file issue certificate under 5(1) and then within 15 days the tax is to be deposited. This will defeat […]
Demonetisation – Good or Bad is not a topic of discussion here, but subsequent to demonetisation and in order to prevent taxpayers to deposit unaccounted cash by paying 30% tax an amendment was introduced to s.115BBE on 15-12-2016 with retrospective date of 1-4-2016 making tax rate at 75%. 1.1 Section 115BBE was introduced originally w.e.f. […]
