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To provide clarity on Vivad se Vishwas scheme, CBDT releases FAQs

To provide clarity on Vivad se Vishwas scheme, CBDT releases FAQs

The Central Board of Direct Taxes (CBDT) on Thursday issued Frequently Asked Questions (FAQs) on the Direct Tax 'Vivad Se Vishwas' scheme to provide clarity about the various provisions contained in the scheme.

'Vivad Se Vishwas' scheme was announced during the Union Budget, 2020 to provide for dispute resolution in respect of pending income tax litigation.


Pursuant to the Budget announcement, the Direct Tax Vivad se Vishwas Bill, 2020 (hereinafter called Vivad se Vishwas) was introduced in the Lok Sabha on February 5, 2020, and passed by it on March 4.

According to a press release issued by the Ministry of Finance, after the introduction of Vivad se Vishwas in Lok Sabha, several queries have been received from the stakeholders seeking clarifications in respect of various provisions contained in the Scheme.

After considering various queries received from stakeholders, CBDT has clarified the same in the form of answers to frequently asked questions (FAQs).

The FAQs contain clarifications on scope and eligibility, calculation of disputed tax, procedure related to payment of disputed tax and consequential benefits to the declarant.

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