Car_22032020 (1).pdf ROC compliance

-Regards
CA.C.V.PAWAR
0253-2319641 MOBILE:9423961209

VIVASH SE VISHWAS FORM UTILITY LIVE ON INCOME TAX PORTAL

The separate TAB/option created on income tax portal for filling of form for opting a Scheme. Log in to income tax portal using user id of assessee and file form online and submit with DSC of assessee.

Regards,
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209

INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD

VIVAD SE VISHWAS RULE AND FORMS

Please click here to get  RULE AND FORMS for VIVAD SE VISHWAS 

https://drive.google.com/file/d/1Jvn835oywcMsfQUZfVuaX8eQxwBvSYRh/view?usp=sharing

CONTACT FOR HELP REQUIRED IN RELATION TO FILLING OF APPLICATION.

Regards,
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209

INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD

VIVAD-SE-VISHWAS-ACT-2020

The government has notified 'VIVAD SE VISHWAS ACT, 2020"

Please click here for the copy:

 https://drive.google.com/file/d/1L2kH_xY8sTGlHjoJdAWTbizL1-136eBb/view?usp=sharing

The Rule and form is yet to be notified.

Regards,
-------
CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

0253-2319641. M-9423961209

INDIAN CA - NURTURED IN INDIA, GROOMED FOR THE WORLD

May I get refund of excess tax paid under Vivad se Vishwas scheme?

Yes. Since you get immunity from interest and penalty under this scheme in case the entire disputed tax is paid. If you have paid amount it in excess of the tax payable, You need to apply under this scheme to get the refund.

-Regards
CA.C.V.PAWAR
0253-2319641 MOBILE:9423961209

CBDT clarifies Calculation of Disputed Tax were Interest has been paid while in Appeal

Minister of Finance, Ms. Nirmala Sitharaman, on February 5, 2020.  The Bill provides a mechanism for resolution of pending tax disputes related to income tax and corporation tax. The CBDT said that the appeals in which the appellant has already paid the disputed demand either partly or fully are also covered. If the amount of tax paid is more than the amount payable under Vivad se Vishwas, the appellant will be entitled to refund without interest under section 244A of the Act. While considering a non-search case where an assessee is In appeal before Commissioner(Appeals). The tax on returned income (including surcharge and cess) comes to Rs. 30,000 and interest under section 234B of Rs.1,000. The assessee has paid this amount of Rs. 31,000 at the time of filing his tax return. During an assessment, an addition is made and additional demand of Rs. 16,000 has been raised, which comprises of disputed tax (including surcharge and cess) of Rs. 10,000 and interest on such a disputed tax of Rs.6000. The penalty has been initiated separately. The assessee has paid the demand of Rs. 14,000 during the pendency of the appeal; however interest under section 220 of the Act is yet to be calculated. The Assessee filed a declaration, which is accepted and the certificate is issued by the designated authority (DA). The disputed tax of Rs 10,000 (at 100%) is to be paid on or before 31″ March 2020. Since he has already paid Rs. 14,000, he would be entitled to a refund of Rs. 4,000 (without section 244A interest). Further, the interest leviable under section 220 and penalty leviable shall also be waived.

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CA.C.V.PAWAR
0253-2319641 MOBILE:9423961209

VIVAD SE VISHWAS STEP BY STEP PROCESS