Important Alert: Direct Tax Vivad Se Vishwas Scheme (VSV 2.0)

Dear All, We would like to bring to your attention the introduction of the Direct Tax Vivad Se Vishwas Scheme, 2024 (VSV 2.0) under the Finance (No. 2) Act, 2024. This scheme provides an excellent opportunity to settle pending tax disputes as of 22nd July 2024 across various appellate forums, including disputes related to tax, interest, penalty, or fees under the Indian Tax Laws (ITL). Key Highlights of VSV 2.0: 1. Taxpayers can settle disputes by filing a declaration in the prescribed form with the Designated Authority (DA). 2. Upon submission, the DA will issue a certificate specifying the amount payable to settle the dispute...

19 December

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Important Alert: Direct Tax Vivad Se Vishwas Scheme (VSV 2.0)

Posted by Vishnu Daya

in NewsletterAlerts

We would like to bring to your attention the introduction of the Direct Tax Vivad Se Vishwas Scheme, 2024 (VSV 2.0) under the Finance (No. 2) Act, 2024. This scheme provides an excellent opportunity to settle pending tax disputes as of 22nd July 2024 across various appellate forums, including disputes related to tax, interest, penalty, or fees under the Indian Tax Laws (ITL). Key Highlights of VSV 2.0: 1. Taxpayers can settle disputes by filing a declaration in the prescribed form with the Designated Authority (DA). 2. Upon submission, the DA will issue a certificate specifying the amount payable to settle the dispute within...

10 December

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Due Date for Payment of Advance Tax is 15th December 2024 for AY 2025-26

Posted by Vishnu Daya

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This is to bring to your kind attention that the due date for payment of third instalment of advance tax (75%) for the financial year 2024-25 is 15.12.2024. Kindly take necessary actions to make the payment within the due date. For taxpayers opting for Presumptive Taxation Scheme under section 44AD & 44ADA, 100% advance tax need to be paid before 31st March 2025 (4th quarter) and hence no requirement of making payment in instalments. Kindly let us know for any help or clarifications in this regard. ...

07 December

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Due Date for Payment of Advance Tax is 15th December 2024 for AY 2025-26

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07 December

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Due Date for Payment of Advance Tax is 15th December 2024 for AY 2025-26

Posted by Vishnu Daya

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05 December

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Compliance calendar for the month of December 2024

Posted by Vishnu Daya

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We present a compliance calendar for the due dates in the month of December 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act. ...

05 December

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Compliance calendar for the month of December 2024

Posted by Vishnu Daya

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We present a compliance calendar for the due dates in the month of December 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act. ...

05 December

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Compliance calendar for the month of December 2024

Posted by Vishnu Daya

in NewsletterAlerts

We present a compliance calendar for the due dates in the month of December 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act. ...

19 October

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