InvestorQ : What are the latest clarifications the government has issued on the Vivaad se Viswas scheme?
Lavanya Subramanian made post

What are the latest clarifications the government has issued on the Vivaad se Viswas scheme?

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ishika Banerjee answered.
1 year ago
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This scheme was launched in the Budget 2020 to enable taxpayers to just pay the disputed amount of taxes and get waiver of penalty and interest. This will only be valid for cases pending as on Jan 31, 2020. This scheme will not apply in case of tax arrears and where legal prosecution has been undertaken and also in cases where breach of FEMA regulations is involved. To avail the scheme, taxpayers must make declaration in the proper format.

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