{"id":9073,"date":"2020-11-25T07:25:37","date_gmt":"2020-11-25T07:25:37","guid":{"rendered":"https:\/\/sunkrish.com\/?p=9073"},"modified":"2021-01-11T11:30:17","modified_gmt":"2021-01-11T11:30:17","slug":"finance-ministry-extends-deadline-for-making-a-declaration-under-vivad-se-vishwas-scheme","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2020\/11\/25\/finance-ministry-extends-deadline-for-making-a-declaration-under-vivad-se-vishwas-scheme\/","title":{"rendered":"Finance Ministry extends deadline for making a declaration under Vivad Se Vishwas Scheme"},"content":{"rendered":"<figure id=\"attachment_2998\" class=\"thumbnail wp-caption alignleft\" style=\"width: 248px\"><a href=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2998 size-full\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-3.jpg\" alt=\"The reduced TDS and TCS rate will be for specific payments such as payment for a contract, professional fees, interest, rent etc.\" width=\"248\" height=\"176\" \/><\/a><figcaption class=\"caption wp-caption-text\"><strong><span style=\"color: #808080;\"><em>The Direct Tax Vivad se Vishwas Act, 2020 was enacted on March 17, 2020 to settle direct tax disputes locked up in various appellate forums.<\/em><\/span><\/strong><\/figcaption><\/figure>\n<p>The Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31\u2032 January, 2021 from 31st December, 2020.<\/p>\n\n\n<p class=\"wp-block-paragraph\">The Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31\u2032 January, 2021 from 31st December, 2020. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The date for the passing of order or issuance of notice by the authorities under the Direct Taxes &amp; Benami Acts which are required to be passed\/ issued\/ made by 30th March 2021 has also been extended to 31st March 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Vivad se Vishwas scheme was announced by Union Finance Minister Nirmala Sitharaman during her budget speech on February 1, 2020. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Given below are all the aspects you have to know about this amnesty scheme: Under this scheme, taxpayers whose tax demands are locked in dispute in multiple forums, can pay due to taxes by March 31, 2020, and get a complete waiver of interest and penalty. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If a taxpayer is not able to pay within the deadline, he gets a further time till June 30, but in that case, he would have to pay 10% more on the tax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance has extended the deadline for making a declaration under Vivad Se Vishwas Scheme till 31\u2032 January, 2021 from 31st December, 2020. The Ministry of Finance has extended the deadline for making a declaration under Vivad Se &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2020\/11\/25\/finance-ministry-extends-deadline-for-making-a-declaration-under-vivad-se-vishwas-scheme\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":2998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493,491],"tags":[917,450,298,305,455,641,295],"class_list":["post-9073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-benami-property-transactions-act","tag-central-board-of-direct-taxes-cbdt","tag-ease-of-doing-business","tag-economy","tag-income-tax","tag-nirmala-sitharaman","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/9073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=9073"}],"version-history":[{"count":3,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/9073\/revisions"}],"predecessor-version":[{"id":9145,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/9073\/revisions\/9145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/2998"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=9073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=9073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=9073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}