Settle your Income Tax disputes by 31st March, 2020 to avail higher benefits

Eligibility For Vivad Se Vishwas Scheme 2020

  • Appeals/writs filed on or before 31.01.2020 and pending
  • Orders for which time for filing appeal has not expired on 31.01.2020
  • Cases pending before Dispute Resolution Panel (DRP) on 31.01.2020
  • Cases where DRP issued direction on or before 31.01.2020 but no order has been passed
  • Cases where assessee filed revision (Section 264) on or before 31.01.2020
  • Search case if the disputed tax is less than Rs. 5 Crore in a year
  • The appeals/writs filed by taxpayers or the department
  • Disputes where the payment has already been made shall also be eligible
  • Cases in arbitration in India or Abroad

Disputes Covered Under Vivad Se Vishwas Scheme 2020

All disputes, subject to some exclusion, in relation to the-

(i) Disputed tax

(ii) Disputed penalty

(iii) Disputed interest

(iv) Disputed fee

(v) Disputed tax deducted at source (TDS) or tax collected at source (TCS)

Salient Features…Payment Terms Under Vivad Se Vishwas Scheme 2020

Payment mode on or before Appeal realates to dispute tax or interest or fee Appeal realates only to dispute penalty
31st March,2020 100% of the dispute tax (125% in search cases) 25% of the dispute penalty interest or fee
End date

(30th June,2020)

110% of the dispute tax

(135% in search cases) such that it does not increase total demand

30% of the dispute penalty interest or fee

If an issue in taxpayer’s pending appeal already decided in his favour by appellate forum or if department has filled appeal on an issue, amount payable is 50% of aforesaid amount.

Source- Income Tax Department

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