Vivad se Vishwas Scheme further extended till 28.02.2021

Practical Issues in Implementation of Section 50C of the Income Tax Act 1961

The government again extended the deadline for settling tax disputes under the Vivad se Vishwas scheme without paying any interest and penalty by the month to February 28, 2021, from 31st January, 2020. The earlier deadline was June 30, 2020, then it was extended to December 31, 2020 and 31st January, 2021.

Ministry of Finance (CBDT) vide Notification No. 04/2021/ F.No. IT(A)/01/2020-TPL and Gazette Id CG-DL-E-01022021-224848 dated 31.01.2021 has further extended the due date under Vivad se Vishwas Act, 2020

the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), number 85/2020, dated the 27th October, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 3847(E), dated 27th October, 2020, namely:–

In clause (a), for the words, figures and letters “31st day of January, 2021” the words, figures and letters “28th day of February, 2021” shall be substituted.

Link of the notification: http://egazette.nic.in/WriteReadData/2021/224848.pdf

 

Read more at : All you need to know about “Vivad se Vishwas Scheme”

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