Taxmann’s Law Relating to Direct Tax Vivad se Vishwas Act 2020 – Understand the Scheme in a Reader-Friendly FAQ Format | Updated till 5th October 2020
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The Present Publication is the 3rd Edition, as amended by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 & updated till 5th October, 2020. The book incorporates the following:
• Explanation about every provision of the scheme
• Clarifications issued by the CBDT in respect of the scheme
• Clarifications given by the CBDT in respect of past similar schemes like:
o Direct Taxes Dispute Resolution Scheme, 2016 and
o Kar Vivad Samadhan Scheme, 1998
• Case Laws decided in the previous dispute resolution schemes
• Illustrations to evaluate the applicability of the scheme
• Checklists before opting for the scheme
• Coverage of this book is as follows:
o Impact of making a declaration whether making a declaration under Vivad se Vishwas Act, amounts to conceding the tax position and what amounts already paid with respect to disputed amount
o Who can make a declaration & settle tax disputes under Vivad se Vishwas Act?
o Meaning of Appeal
o Tax Arrears for which a declaration cannot be made
o Persons who are barred from making a declarant under the Act
o Computation of amount payable by declarant in respect of ‘Tax Arrear’
o Procedure for making declaration and payment under the Act
o Consequences and benefits of making declaration and payment under the Act
