Question And Answer
Subject: Vivad se Vishwas
Querist: Radha
Answered by:
Tags: ,
Date: January 10, 2024
Query asked by Radha

Company has opted for “Vivad Se Vishwas Scheme, 2020” and intends to pay the disputed tax under this scheme itself by 30.06.2021. However, the same could not be paid as on date. The Company had already filed the appeal to CIT(A). Company now intends to pay the taxes via said scheme in year 2024. Can company pay the said amount under the said scheme.

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Answer given by

Please refer notification No 75 of 2021 dated June 25 , 2021 (2021) 435 ITR 25 ( St) , the last date for beneficial payment under VVS Act , 2020 was October 21 , 2021 . The assessee cannot get the benefit of the Scheme .

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