Re: How to rectify Form-3 in VSVS scheme
I have a pending demand for AY 2010-11.For appeal i paid 20% of the demand amount and also furnished IT return of the mentioned year.Later I opted for VSVS scheme.Form-3 is generated where they have considered only 20% of paid fees and not the TAX paid during the period.Rest penalty amount to be paid.I need to adjust the tax amount already paid for that year,but there is no provision given for rectification. Kindly suggest.
Please refer Circular No 21 /2020 dt 4-12 ,2020 , as per Q.No 89 Ans ,it has been stated that the declaration can be revised any number of times before DA issues a certificate under section 5(1) of the Vivad Se Vishawas. . It may be desirable to file revised declaration . Please refer Circular No 9 dt 22-4 -2020, Q. No 29 and Answer given by CBDT it is clarified that the assessee shall be eligible for credit for earlier taxes paid.
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