Re: Form 3 in Vivaad Se Vishwas
I have filed for Vivaad Se Vishwas. Form 3 is electronically issued. I am getting confused with the statements and choice of words used. I have cleared all tax arrear as per assessment order and then filed for DTVSV.
It am ask to fill form 4 and ask me to deposit “Balance amount payable / refundable after adjusting amount already paid”
Amount shown is in negative = -20,000
Words used are :
“The declarant is hereby directed to make the payment of sum payable, if any, as per Balance amount payable / refundable after
adjusting amount already paid as per the form.”
In case of non-payment of amount payable as per the form, then the declaration under Form-1 shall be treated as void and shall
be deemed never to have been made.
What does it signify ? Do I have to pay or refund has been issued??
Please let me know.
he assesssee has to pay the tax payable on the amount disputed in appeal which is pending before the Competent Authority as on 31 -1 -2020 . If the tax is already paid the assessee has to mention the details of payment . The assessee need not pay the amount of refund issued . Because of waiver of interests the assseee may be eligible to get more refund, on which the assessee will not get the interest. If the assessee has any further doubt it may be desirable to contact the Designated Authority . If earlier form has certain mistake the asssessee can file revised form . Refer Circular No – 21 dt 4 -12 -2020 , Q. No 89 .Ans : Yes the declaration can be revised any number of times befo0re the DA issues a certificate under section 5(1) of Vivad Se Vishwas
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