• TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
Wednesday, July 2, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Govt extends time till June 30 for making payment under Vivad Se Vishwas scheme

Press Trust of india by Press Trust of india
April 25, 2021
in BUSINESS
0
Govt extends Emergency Credit Line Guarantee Scheme for MSME by 1 month

Businessman giving money, Indian rupee currency, to his partner - payment, loan and bribery concept

New Delhi: The government on Saturday extended the deadline for making payment under the direct tax dispute resolution scheme Vivad Se Vishwas by two months till June 30 to ease hardships faced by taxpayers amid the pandemic.

Also, it has extended the due date for issuance of notice for reopening of assessment by tax officers where income has escaped assessment and sending intimation of processing of Equalisation Levy till June 30.

Related posts

June 6 is a special day for entire J&K: PM

GST landmark reform that reshaped India’s economic landscape: PM Modi

July 1, 2025

Cabinet approves Rs 1.07 lakh cr Employment Linked Incentive scheme to create 3.5 cr jobs in 2 years

July 1, 2025

“It has also been decided that time for payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020, without an additional amount, shall be further extended to 30th June 2021,” Central Board of Direct Taxes (CBDT) said in a statement.

The deadline for filing declaration under the scheme ended on March 31.

The Vivad Se Vishwas scheme provides for settlement of disputed tax, interest, penalty or fees in relation to an assessment or reassessment order on payment of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.

The taxpayer is granted immunity from levy of interest, penalty and institution of any proceeding for prosecution for any offence under the Income-tax Act in respect of matters covered in the declaration.

CBDT said it had received requests from taxpayers, tax consultants and other stakeholders to extend time barring dates in view of the severe COVID-19 pandemic raging unabated across the country.

“In the light of several representations received and to address the hardship being faced by various stakeholders, the Central Government has decided to extend the time limits to June 30, 2021, in the following cases where the time limit was earlier extended to April 30, 2021, through various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of Certain Provisions Act, 2020,” CBDT said.

The scheme had netted about Rs 54,000 crore to the exchequer till early April and more is expected to come in based on the declarations already filed.

The last date for making the payment has now been extended till June 30.

Previous Post

Stress management in workstations

Next Post

Govt exempts customs duty on COVID vaccine, oxygen and related equipment

Next Post
GMC Sgr rebuts shortage of Oxygen in SMHS Hospital

Govt exempts customs duty on COVID vaccine, oxygen and related equipment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: [email protected]

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.