VIVAD SE VISHWAS SCHEME 2020
Settle your Income Tax disputes by 31st March, 2020 to avail higher benefits
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)
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