Law Relating to Direct Tax Vivad se Vishwas Act 2020

Description

The book explains the Direct Tax Vivad se Vishwas Act, 2020 in a reader-friendly FAQ format. This book also address all-your-queries about the scheme, along-with supporting documents and schemes introduced in the past.

The Present Publication is the 3^rd Edition, as amended by Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 & updated till 5^th 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:

·         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

·         Who can make a declaration & settle tax disputes under Vivad se Vishwas Act?

·         Meaning of Appeal

·         Tax Arrears for which a declaration cannot be made

·         Persons who are barred from making a declarant under the Act

·         Computation of amount payable by declarant in respect of ‘Tax Arrear’

·         Procedure for making declaration and payment under the Act

·         Consequences and benefits of making declaration and payment under the Ac