Jaipur: The ‘Vivaad se Vishwas Yojana’ will likely be launched within the Income Tax Department from October 1. The Central Board of Direct Taxes has issued a notification. The Central Government has launched the scheme to cut back disputed instances. Eligibility guidelines for the scheme have additionally been notified.
The Income Tax Department has additionally issued this scheme in 2020. At current, the Dispute to Trust Scheme will stay efficient until 31 December 2024. The good thing about the scheme will likely be accessible on such calls for, whose attraction is pending at any stage.
Under the scheme, curiosity and penalty quantity will likely be waived. If the attraction is from the division, then solely 50% of the revenue tax should be deposited. If the demand is simply within the type of curiosity and penalty, then solely 25% should be deposited. A prescribed type has additionally been issued to avail the advantages of the scheme.
#Jaipur: ‘Vivaad se Vishwas Yojana’ will begin in Income Tax Department from October 1
Central Board of Direct Taxes issued notification, Central Government launched scheme to cut back disputed instances, eligibility for the scheme…#RajasthanWithFirstIndia @IncomeTaxIndia @kotharivimal19 pic.twitter.com/cXTqwjihuD
— First India News (@1stIndiaNews) September 23, 2024
