Re: IF I ADOPT VSVS SCHEME BUT NOT ABLE TO PAY AMOUNT

We have raised appeal for f.y. 2014-15 before 31 jan 20 I want to apply for vsvs scheme before 31st dec 20 due date if I can’t able to pay amount before 31st March 20 what will income tax dept do this appeal will be continued with income tax or we must pay to the income tax

As per  CBDT Circular No 18 of 2020 dt 28 -10 -2020  the  Cut -off  date for beneficial payment  under the VSV Act , 2020  is extended up to  31 -3-2021 .As per  CBDT Circular No 18 of 2020 dt 28 -10 -2020  the  Cut -off  date for beneficial payment  under the VSV Act , 2020  is extended up to  31 -3-2021 .

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