Answers On Topic: Direct Tax Vivad se Viswas Act
Hi, I opted for Vivad Se Vishwas 2.0, I received Form 4 after completing all steps. But the Demand not cancelled from Income tax portal after VSV 2.0 settlement Form 4 issued. Interest is accumulating 1% on the demand every month. We have raised grievance on CPGRAMS. But JAO says, rights are not transferred to them by CPC and System doesn't have capability to upload the VSV Orders. How to resolve this issue and interest and demand is increasing day bay day despite of settlement. Thanks in Advance
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Assessee is an individual. and for A.Y. 2012-13 since his appeal was pending before the CIT(A) has opted for the VSVS and fill up the form 1 and 2, As per the Advice of his Lawyer has paid the tax as per working of the liability given by the lawyer . However , while issuing Form 3, the liability worked out by the PCIT is more by Rs. 12/- , and where as as per Lawyer the assessee has paid correct amount. PCIT is rejecting his application under VSVS as there is short payment of Rs. 12/- . Please guide.
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FORM 3 ISSUED. HAVING BALANCE IN PD ACCOUNT WITH THE INCOME TAX DEPARTMENT DUE TO CASH SEIZED AND ASSESSMENT MADE. CAN I PAY FROM PD ACCOUNT UNDER DTVSVS.
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Assessee has filed declaration under DVSVS Act , and out of total tax payable under the scheme, paid substantial amount before 30.09.2021. Whether assessee has to pay additional tax @10% on gross tax payable under the scheme or on the net amount payable after deducting the amount paid before 30.09.2021. PCIT has considered additional tax @ 10% on the gross amount payable under DTVsVAct. Please guide
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Demand not cancelled from Income tax portal after VSV 2.0 settlement Form 4 issued