Re: Extended date of payment with additional amount

Please clarify that whether the tax payment under VSVS to be made by 31.10.2021 has to be 110% of whole of disputed tax or on such payment which remained to be on 30.09.2021

31 -10 -2021 was  Last date for beneficial payment under the VSV Act, 2020 extended by CBDT, vide Notification No.75 of 2021 dated June 25, 2021(2021) 435 ITR (St) 25

Please  refer Circular No 18 /2020 dt 28 -10 -2020 ( 2020 ) 428 ITR 104 (St)  , circular in respect of payment of tax . As per the Circular the declarant can make the payment without additional amount on or before 31 St March , 2021 ( Now extended up to 31-10 -2021 )     Please also refer Circular No 21 /2020 dt 4 -12 -2020. ( 2020 ) 429 ITR 1 ( St)   Q.No. 87 . and Answer state that ,once the required amount of disputed penalty has been paid by the declarant  , interest relating  to such penalty would be waived . The issue being debatable the  declarant may not get the concessional rate as applicable , up to 30-9 -2021 .  In case the Designated levies 110% of the tax in dispute on entire amount the assessee may have to pay 110 % and file the  writ    before  the High Court.   

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