Amount of Payment to be made under Vivad se Vishwas Scheme: A Summary in a Chart

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Amount of Payment to be made under Vivad se Vishwas Scheme: A Summary in a Chart

The person opting for the scheme would get a waiver from interest and penalty. The amount payable would be different for appeals filed by the taxpayers vis a vis appeal filed by the Income Tax Department. The same is summarized as under:

A] Appeals filed by the assessee 

Particulars of Cases  If payment done up to  31.03.2020 If payment done  after 31.03.2020
i. All cases (Other than search cases) where dispute involves tax, interest, penalty, etc. 100% of the Disputed Tax. 110% of Disputed Tax.
ii. Search cases involving dispute relating to tax, interest, penalty, etc. 125% of the Disputed Tax. 135% of Disputed Tax.
iii. Where dispute relates to only interest, penalty or levy 25% of Disputed Interest, Penalty or Fee. 30% of Disputed Interest, Penalty or Fee.

 

B] Appeals filed by Department:

Particulars of Cases  If payment done up to  31.03.2020 If payment done  after 31.03.2020
i. All cases (Other than search cases) where dispute involves tax, interest, penalty, etc. 50% of the Disputed Tax. 55% of the Disputed Tax.
ii. Search cases involving dispute relating to tax, interest, penalty, etc. 62.50% of the Disputed Tax. 67.50% of the Disputed Tax.
iii. Where dispute relates to only interest, penalty or levy 12.50% of Disputed Interest, Penalty or Fee. 15% of Disputed Interest, Penalty or Fee.

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