vivad se vishwas

How to Create a Successful Partnership Agreement for Your Startup

Starting a prosperous business is rarely a solo endeavour - most flourishing startups are built on strong partnerships. Whether you're joining forces with a co-founder, bringing on an investor, or forming a strategic alliance,...

Manner of computing disputed tax in cases where loss or unabsorbed depreciation is reduced – Vivad se Vishwas Scheme.

The Direct Tax Vivad se Vishwas Act, 2020 introduced a dispute resolution scheme, which was applicable to all appeals/petitions filed by the taxpayers or the income tax department, which were pending until 31 January 2020, before any...

Clarification regarding Set-aside matters under Direct Tax Vivad Se Vishwas Act-2020

Guided by “Sabka Saath, Sabka Vikas, Sabka Vishwas”, the Finance Minister Smt. Nirmala Sitharaman had introduced a new No Dispute but Trust Scheme – ‘Vivad Se Vishwas’ in the Budget 2020 in the Lok...

Can assessee avail Vivad se Vishwas scheme for some of the issues and not for other issues in a pending appeal?

Under the proposed Vivad Se Vishwas scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by...

The taxpayer get a refund under Vivad Se Vishwas Scheme if more tax already paid?

Under the proposed Vivad Se Vishwas Scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by...

Amount Payable by Declarant under Vivad se Vishwas Scheme

On February 5, the Honourable Finance Minister Mrs. Nirmala Sitharaman introduced ‘Vivad Se Vishwas’ Bill , within a few days of its announcement of the Finance Budget. It aims to provide for resolution of...

Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill, 2020

The Central Board of Direct Taxes ( CBDT ) has issued clarifications on Direct Tax Vivad se Vishwas Scheme, 2020. During the Union Budget. 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide...

Filling of Declaration Form and Particulars to be furnished for getting benefit of Vivad se Vishwas Scheme, 2020.

On 5th February 2020, the Honourable Finance Minister of India, Mrs. Nirmala Sitharaman introduced The Direct Tax Vivad se Vishwas Bill, 2020 in the Parliament. After introduction of the Bill, a notice for moving...

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