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

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