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Vivad Se Vishwas Scheme 2024: Income Tax department releases new FAQs
Under Section 89 of the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV Scheme, 2024), outlined in Chapter IV of the Finance (No. 2) Act, 2024, the term ‘appellant’ includes the following:
Vivad Se Vishawas Scheme 2024: Income Tax Department releases new FAQs on eligibility, tax amount payable; Check details here
4. The DTVSV Scheme, 2024 provides for the different rates where declaration is filed on or before 31.12.2024 and where it is filed on or after 1.1.2025. Please clarify whether payment of disputed amounts is also required to be made before 31. 12. 2024 for applicability of lower rate?
Vivad Se Vishwas Scheme 2024: Income tax department releases FAQs to address queries of taxpayers
Vivad Se Vishwas Scheme, 2024 is aimed to bring down the pendency of income tax related cases in the courts. The tax department has recently released specific answers to a set of frequently asked ques
Income tax dept releases new FAQs on Vivad Se Vishwas Scheme 2024: What taxpayers should know
The Vivad Se Vishwas 2.0 scheme provides an opportunity for taxpayers to settle their disputes with the government efficiently.
Vivad Se Vishawas Scheme 2024: New FAQs on eligibility, tax amount payable issued
Scheme 2024 is useful for those taxpayers who want to settle their pending income tax disputes with the Income Tax Department.
CBDT issues fresh FAQs on Vivad se Vishwas scheme
The scheme, announced during the Budget, provides for dispute resolution in respect of pending income tax litigation.
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on MSN
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
The tax department has erred in sending notices to many taxpayers for defective income tax return (ITR). A defective return ...
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17h
Income Tax Alert: Rules For Keeping Cash At Home You Must Know
COVID-19, a significant portion of the population now prefers online payment methods. However, cash transactions still play a ...
20h
India's net direct tax collection rises over 16% y/y in April-December
The Indian government's net direct tax collection grew over 16% year on year to 15.8 trillion rupees ($186.07 billion) during ...
2d
on MSN
Youngkin proposes exempting tips from Virginia income tax
Virginia Governor Glenn Youngin announced a budget proposal on Monday to make service tips exempt from the state’s income tax ...
23h
on MSN
Report foreign income, assets in ITR by December 31, 2024 or Rs 10 lakh penalty can apply: Income Tax Department
Report Foreign Income in ITR: ​"Failure to disclose foreign income or asset in ITR can mean assessment proceedings being ...
12h
on MSN
Income Tax Deadline! Last two weeks to disclose your foreign income to avoid penalties
Failure to disclose foreign income and assets leads to violation of Black Money and Imposition of Tax Act, 2015. The last ...
13h
on MSN
CAG report raises red flags over income tax department's handling of arrears and outstanding demands
A Comptroller and Auditor General (CAG) report revealed significant flaws in the Income Tax department's functioning, including non-sharing of data, exaggerated tax demands, and delays in implementing ...
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Tax Preparer Known as ‘the Magician’ Bilked I.R.S. Out of $145 Million
A businessman in the Bronx falsified information on thousands of returns, committing one of the largest tax frauds in ...
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