{"id":13226,"date":"2020-10-22T06:59:08","date_gmt":"2020-10-22T06:59:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/tax-payable-by-corporate-assessee-under-vsv-scheme\/"},"modified":"2020-10-24T04:34:21","modified_gmt":"2020-10-24T04:34:21","slug":"tax-payable-by-corporate-assessee-under-vsv-scheme","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/tax-payable-by-corporate-assessee-under-vsv-scheme\/","title":{"rendered":"tax payable by Corporate assessee under VsV Scheme"},"content":{"rendered":"

A corporate assessee wants to opt VsV Scheme.
\n In its case, certain additions were made in income and certain additions were made in Book Profit.
\nFinally, tax was charged u\/s 115JB being higher than the tax under normal provisions of the Act.
\nOn dismissal of its first appeal, second appeal filed by the assessee is spending before ITAT.<\/p>\n

Question
\n1. on opting Vsv Scheme, whether the assessee has to pay tax on the additions made to normal income plus tax on the additions made in Book Profit.<\/p>\n

Thanks Sir<\/p>\n","protected":false},"excerpt":{"rendered":"

A corporate assessee wants to opt VsV Scheme. In its case, certain additions were made in income and certain additions were made in Book Profit. Finally, tax was charged u\/s 115JB being higher than the tax under normal provisions of the Act. On dismissal of its first appeal, second appeal filed by the assessee is spending before ITAT. Question 1. on opting Vsv Scheme, whether the assessee has to pay tax on the additions made to normal income plus tax on the additions made in Book Profit. Thanks Sir<\/p>\n

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