Re: VIVAD SE VISHWAS SCHEME

Respected Sir,
I have already paid the Tax and the interest imposed on me but my appeal is pending with ITAT for hearing. If I decide to op[t for thios scheme would the dept refund the Interest which they imposed on the amount of Tax.

Yes, As per explanation to section 7 of VSVA, where the declarant had, before filing the declaration paid any amount under the Income-tax Act in respect of his tax arrears which exceeds the amount payable under section 3 of VSVA, he shall be entitled to a refund of such excess amount, but shall not be entitled to interest on such excess amount.

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