Vivad Se Vishwas Scheme A Huge Success. Disputes Of Rs. 1,31,929 Crore Settled, Arrears Tax Of Rs. 72,480 Crore Recovered From Taxpayers

The Income-tax Department has stated that under the Vivad Se Vishwas Scheme, 45,855 declarations have been filed in Form-1 upto 17th November,2020. Disputes amounting to about Rs. 1,31,929 crore have been settled & total amount of about Rs. 72,480 crore has been paid by taxpayers & CPSUs under the Scheme till date.

The last date for filing declarations is 31st December 2020 while the last date for making payment without interest is 31st March 2021.


3 comments on “Vivad Se Vishwas Scheme A Huge Success. Disputes Of Rs. 1,31,929 Crore Settled, Arrears Tax Of Rs. 72,480 Crore Recovered From Taxpayers
  1. Why such V-se-V was never thought of before NaMo ?

  2. Ramasubramanian S says:

    Out of the disputed income settled and tax paid under VsVS so far, how much is the income settled and tax paid by Central PSUs

  3. PARAS CHHAJED says:

    The other side of the scheme is very Dark. While assessees have been filing declarations, paying taxes but the ITD is taking too longer time in issuance of Form 3 and Form 5 under the scheme. There must be some timeline defined for the ITD to issue Form 3 and 5.

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