• Registered Users :
  • 163417
  • Current Active Users :
  • 103709

News INCOME TAX

  • Feb 14, 2020
  • I-T department set to implement 'Vivad se Vishwas' scheme

    From sending emails to tax assesses locked in a dispute with the tax authorities to setting up outreach programmes targeted at the trading community, chartered accountants and the like, the income tax department has made elaborate plans on how to implement the Vivadse-Vishwas scheme, people in the know told ET.

    Importantly, the I-T department has made the scheme a part of the department’s Annual Performance Assessment Report (APAR) and has conveyed all its field officers that they may ask their personnel to provide details of their performance in implementing the scheme in their self-appraisal APAR of FY 19-20, said a official privy to the communication issued by the Central Bureau of Direct Taxes (CBDT) on Thursday. “The performance of officers in respect of the scheme will be specifically commented upon the Reporting and the Reviewing officers and shall be an important factor in determining their future posting,” as per the communique.
    The 'Direct Tax Vivad se Vishwas Bill, 2020' introduced in the budget seeks to resolve disputed tax cases worth Rs 9.32 lakh crore.

    Mumbai, which contributes one-third of the total tax collections, has already started working on implementing the scheme and has identified around one lakh cases which could come under the ambit of the tax amnesty once it gets the President’s assent.

    According to sources, in Mumbai, over 60,000 cases are before the Commissioner of Incometax (Appeals), over 22,000 cases are before the Income Tax Appellate Tribunal and over 13,000 cases before the Supreme Court and the Bombay High Court.