Hello Sir, The assessee had opted for vivad se vishwas scheme for A.Y. 2015-16 and paid the tax arrear after issuance of form 3 dated 30.01.2021 accordingly. Thereafter form 5 also issued to the assessee. However, despite payment of tax made by the assessee on 03.05.2021 the revenue had adjusted the amount of refund for the A.Y. 2023-24 against the outstanding demand. Is it allowable? If not, then what is the remedy to ask for refund? Reply at the earliest should be appreciable.
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Sir , We have already paid tax settlement amount demanded by IT under Vishwas Se Viwad Scheme. We withdraw the appeal in portal as well by uploading Form 1,2 & 3. But we were late in replying Form 4 payment details because of my father medical condition. But we have already paid tax settlement amount as demanded by IT within given time. It just that we failed to submit Form 4 on time for which we got few notices. Now we have submitted Form 4 and it show Awaiting Form 5 from CIT on portal. What can be possible outcome…
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My form 5 under VSVS 2020 has already been issued by the department 4 months back granting me refund. The same has not been issued by the AO to us, even after 4 months of issuance of Form 5. Kindly update me with, what is the time limit for issuance of refund under VSVS 2020 & where we can file complaint against the AO? What is the process of filing a complaint against AO to PCIT for not issuing refund under VSVS 2020?
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My assessee received Form No.5 of VSVS and afterwards in the Income Tax Department Internal Audit or AG Audit came and raised an objection regarding incorrect calculation of interest although completed through ITBA portal. Subsequently the AO issued notice u/s154 and passed order u/s154 raising the tax liability. Is this stand of the department is correct or challengeable in appeal or petition u/s264 may be filed or writ in HC may be filed.. Please suggest..
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What is the remedy for non payment of refunds under VSVT , 2020 ? Is it liable to any compensatory interest ?
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we have filed form 1 & 2 application for DTVSV on 21-12-2020 for A.Y.2018-19, on 22-12-2020 form 3 is issued by department and payment was made accordingly and form 4 was filed on 04-01-2021 but till than form 5 was not issued by the department. many grievance were also filed but no response received from department. when we try to get response form department we come to know that there is some technical error in the system and advised us to file form 4 again but even that the issue remain unsolved.
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WE HAVE RECEIVED FORM 5 UNDER DIRECT TAX VIVAD SE VISHWAS SHOWING TOTAL REFUND OF Rs.64,753/- ONLY BEARING ACKNOWLEDGEMENT NO. 806265520111220 FOR CERTIFICATE NO. 740533270231120 DATED 23-11-2020. BUT TILL NOW WE HAVE NOT RECEIVED THE REFUND AMOUNT. NOW WHAT SHOULD I DO TO GET THE REFUND AMOUNT.
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Sir, Last date for payment of tax under VSV was 31/10/2021 ?? or is it extended ?? can we make payment now & file Form 4 now ???
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Dear Experts I have filed VSVS 2020 scheme for AY 2017-18 and paid all dues, form-4 issued to me, now department ask 25 % surcharge on unexplained money since while preparing the computation of income the surcharge @ 25% not levied and the agriculture income was not considered for rate purpose in computing the tax. A order under section 154/147/142(1) issued to me and demand under section 156 for tax with interest and penalty. I ask to experts that what remedy remain for me, can I challenge this order before Commissioner Appeal or since I have adopted VSVS 2020 then…
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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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VSV scheme