Finally, Lok Sabha passed the Direct Tax Vivad se Vishwas Scheme – 2020 : PPT on Vivadh se Vishwas Scheme – 2020
Vivad Se Vishwas is recently proposed during the Union Budget – 2020.
VVS 2020 aims to resolve the tax disputes of 4.83 Lakh cases which are pending at various appealate forum from CIT – Appeal to ITAT, from HC to SC. Totla whopping sum Rs. 9.32 lakh crore of dues are pending at various such forums.
VVS is a sort of amnesty bill which provides relief in interest and penalty.
It is available only if the appeal ifbtaxpayer is pending to be paid.
Here is a PPT on Vivadh se Vishwas Scheme – 2020 which will be helpful for the taxpayers but also for the professionals. It is exhaustive and can be used as a readymade material for presentation.VSVS FINAL_29.02.2020 - 2