Income Tax Dept extends Vivad Se Vishwas Scheme till Jan 31
The Income Tax Department has called upon entrepreneurs to make maximum use of the ‘Vivad Se Vishwas Scheme’ by depositing ...
Relief for more taxpayers in Vivad Se Vishwas Scheme: Govt removes these difficulties in applying for closure of income tax dispute cases
a person in whose case an appeal or a writ petition (WP) or special leave petition (SLP) has been filed either by him or by ...
Vivad Se Vishwas Scheme 2024 Expands Eligibility for Taxpayers to Resolve Income Tax Disputes
The Vivad Se Vishwas Scheme 2024 expands taxpayer eligibility, easing tax dispute resolution by clarifying appeal processes ...
More taxpayers now eligible for Vivad Se Vishwas to settle tax disputes
The Central Board of Direct Taxes (CBDT) has issued an order to provide relief to taxpayers who were unable to apply for the ...
Tax Guru6h
ITAT Kolkata Dismisses Penalty Appeal as Withdrawn Under Vivad Se Vishwas
However, during the proceedings, the assessee informed the Tribunal that they had opted for the Vivad Se Vishwas Scheme, 2024, and requested the withdrawal of the appeal. The Vivad Se Vishwas Scheme ...
Tax Guru2d
CBDT Removes Discrimination in Vivad Se Vishwas Scheme
Central Board of Direct Taxes (CBDT) issued Notification No. 8/2025-Income Tax on 20th January 2025 addressing a concern regarding the eligibility criteria for the Vivad se Vishwas Scheme. Initially, ...
Mint2d
How the upcoming budget can reduce pending tax appeals, ease financial burden on small taxpayers
Some of these measures include faceless assessment schemes, Vivad Se Vishwas, appointment of joint commissioners at base appellate level for small-value appeals, and reduced timelines for ...
India’s third shot at tax reform mustn’t miss the target when govt is out of painkillers
Many Indians are unhappy with income taxes despite a small taxpaying population. With pending tax reforms and calls for ...
Tax expectations
As is the case every year, the expectations from Budget 2025 are very high. Taxpayers are facing an inflation rate that is ...
The Financial Express2d
Budget 2025: Expectations from a personal taxation standpoint
With the overhaul of the existing Income-tax laws on the anvil, the focus in the upcoming Budget is more likely to be on ...
Finance Ministry gave report card on Union Budget 2024-25 ahead of new budget
The provisions for reassessment have been thoroughly revised. Assessments can now only be reopened beyond three years if the escaped income exceeds Rs 50 lakh, with a maximum period of five years. For ...
ITR Filing: Did you miss the deadline to file revised or belated ITR? Here's what you can do
Failure to submit your ITR by the January 15, 2025 deadline may result in the inability to revise your AY2024-25 returns, ...