The federal government on Saturday prolonged the deadline for making fee underneath the direct tax dispute decision scheme Vivad Se Vishwas by two months until June 30 to ease hardships confronted by taxpayers amid the pandemic.
Additionally, it has prolonged the due date for issuance of discover for reopening of evaluation by tax officers the place earnings has escaped evaluation and sending intimation of processing of Equalisation Levy until June 30.
“It has additionally been determined that point for fee of quantity payable underneath the Direct Tax Vivad se Vishwas Act, 2020, with out an extra quantity, shall be additional prolonged to thirtieth June 2021,” Central Board of Direct Taxes (CBDT) stated in a press release.
The deadline for submitting declaration underneath the scheme ended on March 31.
The Vivad Se Vishwas scheme supplies for settlement of disputed tax, curiosity, penalty or charges in relation to an evaluation or reassessment order on fee of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or curiosity or charge.
The taxpayer is granted immunity from levy of curiosity, penalty and