Diabytes
Vivad se Vishwas News
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Central Board of Direct Taxes (CBDT) has notified April 30 as the last date for direct tax dispute resolution scheme Vivad Se Vishwas.
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This news is important for those who have invested in cryptocurrencies. If sources are to be believed, then the government can bring a scheme like 'Vivad Se Vishwas'. This means that a system can be created to make the use of cryptocurrency in India more reliable.
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The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31.
As many as 1,25,144 cases have so far opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora.
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Vivad Se Vishwas tax dispute resolution scheme.
I-T Dept allows revision of declarations.
Set of FAQs on 'Vivad Se Vishwas' scheme announced.
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Vivad se Vishwas enacted on March 2020.
Objective to reduce pending income tax litigation.
Generate timely revenue for Government.
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