2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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March 31, 2017
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December 31, 2016
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January 31, 2017
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April 01, 2017
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Detailed explanation-1: -Last date of payment under Vivad se Vishwas extended Last date of payment of amount under Vivad se Vishwas (with additional amount) has been notified as 31st October, 2021.
Detailed explanation-2: -The Dispute Resolution Committee (the Committee)5 has been constituted under the Scheme which would be responsible for adjudicating these income tax related disputes. The taxpayers who have return income of up to Rs 50 lakhs and having dispute not exceeding Rs 10 lakhs can access the Scheme.
Detailed explanation-3: -As per Section 6 of The Direct Tax Vivad se Vishwas Act, 2020, the DA will not carry out any proceedings in respect of an offence, or impose or levy any penalty, or charge any interest in respect of the tax arrears.
Detailed explanation-4: -NEW DELHI : The Central Board of Direct Taxes (CBDT) has issued a set of guidelines on the interplay between two key schemes meant for minimising litigation–the Vivad se Vishwas direct tax dispute settlement scheme and the mutual agreement procedure (MAP) that offers relief to multinational companies.