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Query asked by GAUTAM SIKDAR on February 21, 2021

Re: VSVS

Appeal is pending before CIT(A) for penalty u/s.271C.Assessee filed Form 1 and 2 through the option ” Whether the declaration relates to TDS Disputes u/s.194IA and 194IB”. Assessee’s dispute was related to S.271C and selected S.271 C giving other details correctly and received Form 3 from the designated authority. Question a) Whether the assessee will pay tax and submit Form 4 ? b) Whether the assessee will ignore the Form 3 so received and file Form 1 and 2 again using proper mode of filing

It is desirable to file revised form . Please refer Circular No. 21 /2020 dt 4 -12 -2020.  Q. No. 89 and Answer , wherein the Board Clarified that ,  the Declaration can be revised any number of times before the DFA issues a certificate under section 5(1) of Vivad Se Vishwas .


 

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