Re: Payment details

I have applied in vivad se vishwas scheme. My disputed tax is approx 4 lakh the payment has to be done before 30/4/2021 if not then interest will be charged. My problem is if i give half payment of 2lakh before 30/4/21 and half afterwards what will be interest percentage charge and on what amount it will be charge (the remaining amount or on the full disputed tax amount). Can i payment half amount before 30/4/21 and half after the above mentioned date

Please  refer Circular No 18 /2020 dt 28 -10 -20220 , 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 30-4-2021 )     Please also refer Circular No 21 /2020 dt 4 -12 -2020.  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 -4 -2021 . The half amount paid may not be considered as required amount .   In case the assessee is not able to pay half the amount the assessee may not get the refund of the amount paid under Vsv Act . In case the Designated levies 110% of the tax in dispute on entire amount the assessee may have only  remedy of filing writ before High Court.

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