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...
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