{"id":14350,"date":"2020-12-11T11:41:48","date_gmt":"2020-12-11T11:41:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/vsv-refund-adjustment-against-income-tax-demand\/"},"modified":"2020-12-13T04:37:20","modified_gmt":"2020-12-13T04:37:20","slug":"vsv-refund-adjustment-against-income-tax-demand","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/vsv-refund-adjustment-against-income-tax-demand\/","title":{"rendered":"VSV refund adjustment against Income-tax demand"},"content":{"rendered":"<p>I have a refund of 1 crore as per VSV in AY 2010-11 and demand of 2 crores under IT Act in AY 2011-12. If I go under VSV only for AY 2010-11, will I get cash refund of 1 crore or it will be completely adjusted against demand of AY 2011-12?<br \/>\nProvide basis for your answer if you have any. As per my understanding, they cannot adjust because both are separate Acts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have a refund of 1 crore as per VSV in AY 2010-11 and demand of 2 crores under IT Act in AY 2011-12. If I go under VSV only for AY 2010-11, will I get cash refund of 1 crore or it will be completely adjusted against demand of AY 2011-12? Provide basis for your answer if you have any. As per my understanding, they cannot adjust because both are separate Acts.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/vsv-refund-adjustment-against-income-tax-demand\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-14350","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/14350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14350"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14350"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14350"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=14350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}