Key Takeaways from New FAQs issued by CBDT on Vivad se Vishwas Scheme 2020

• December 7, 2020
• CA Chandan Agarwal's Office

Key Takeaways from New FAQs issued by CBDT on Vivad se Vishwas Scheme, 2020

The Apex Body CBDT has issued Circular No. 21/2020 dated 4.12.2020 containing FAQ’s & Clarifications on some crucial & vital issues in the Vivad se Vishwas Scheme, 2020. This Circular has been issued in continuation of its earlier Circular No. 9/2020 dated 22.4.2020 (containing Questions 1 to 55), containing 34 more FAQs (Q. no. 56-89).

It is pertinent to mention here that CBDT has stipulated the last date for filing of Declaration Form 1, to opt for settlement of the incometax disputes, under the Vivad se Vishwas Scheme as 31.12.2020. Further the declarants can make the payment of disputed tax without any additional amount by 31.3.2021.

The Key Takeaways from the said CBDT Circular are being summarised for ready reference of our readers as under:

Read more on: https://taxguru.in/income-tax/key-takeaways-faqs-issued-cbdt-vivad-se-vishwas-scheme-2020.html