Updated: 16th December 2020: itatonline.org had requested a panel of experts to answers to queries arising on Vivad Se Viswas Scheme to assist the tax consultants and tax payers. The forum received more than 400 queries which have been answered by the panel of experts consisting of Dr. K. Shivaram, Senior Advocate, CA. Rajan Vora and CA Pradeep Kapasi.
For the benefit of the Tax professionals and tax payers, the important queries and answers in a tabular form is available for download. Repetitive queries have been avoided.
Further, CBDT has vide Circular No. 21 of 2020 dated December 4, 2020 have provided certain clarifications. The Answers given by the Expert Panel were in consonance with the prevailing at the time. Most of the advises given by the Panel have been clarified by the Circular. However, for the benefit of the readers, the answers have been revised accordingly.
As the declaration under the scheme is only allowed until December 31, 2020, we hope this will help the readers to understand the scheme and address issues, if any