Answers On Topic: Vivad Se Vishwas Scheme
The assessee has paid tax arrears as determined by the Designated Authority and intimated via Form 3. However, the assessee failed to file Form 4. Till date he has not filed the Form 4. Is there any way to file the form now. Or what will be the consequence of not filing the form
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I would like to inform you that I had filed an application in Form-1 & Form-2 under the Direct Tax Vivad Se Vishwas Act, 2020 for A.Y. 2015-2016 on 30/12/2020. In this regard I had downloaded Form-3 on 28/01/2021 issued by PCIT reflecting a demand of Rs.34,56,196/- to be paid before 30/09/2021 without additional amount and demand of Rs.39,27,815/- to be paid before 31/10/2021 with an additional amount. Further I had made the tax payment of Rs.34,56,196/- on 27/08/2021 and filed Form-4 on 16/09/2021. After following up with the officer for non-issue of form-5, I was informed that revised Form-3…
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What is the last date for passing order under form 5 for Direct Tax Vivad Se Vishvas Scheme.
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Form: 5 has been issued under Vivad Se Vishwas Scheme settling demand arising from order u/s. 144 rws 147 for AY 2012-13. After that AO has issued notice u/s. 154 for change in tax demand arising from order u/s. 144 rws 147 for AY 2012-13. Whether AO can change demand when he has ascertained demand while accepting declaration under VsVs. ? Whether change in demand will affect already issued Form: 5? What the remedies to the assessee for remaining demand?
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Vivad Se Vishwas