Vivad Se Vishwas Scheme: Income Tax Department

India is a big country with a huge population and a very big group of taxpayers in that population. But it is a herculean task to keep an eye on a very big tax-paying group like this.

And it is impossible to complete this without any dispute or problem. Because those persons are everywhere for whom rules do not matter. In India, there are 4.83 lakh tax-related cases that are pending in court. Sorting out these is a humongous task in itself.

Because it takes a lot of money and time to solve them. For coming out of this problem finance minister Mrs. Nirmala sitaraman announced Vivad Se Vishwas yojana in the budget session of 2020.

So that money that is stuck in tax disputes can be brought back quickly and by doing so less money and time will be spent. Read this article till the end because if you are a taxpayer then you can take advantage of this.

Official information about the Vivad Se Vishwas Scheme

Vivad Se Vishwas Scheme 2024

This scheme is started for clearing all the tax-related disputes in the country. There are 4.83 lakh tax-related cases pending in the country’s courts worth more than 9.32 lakh crore rupees.

In which that money is stuck which is for the betterment and the development of the country. The advantage of this scheme is only for those persons whose tax-related cases are pending in any foram.

Fulfilling the Commitment towards providing Maximum Governance: FM @nsitharaman announced the ‘Vivad Se Vishwas’ scheme to reduce litigations in Direct taxes earlier this month in #UnionDudget2020. #TransformingIndia https://t.co/cjKSFPNdM9 pic.twitter.com/aFcEQjbnLu

— MyGovIndia (@mygovindia) February 25, 2020

Just under a year, this scheme is already cleared the 1,25,144 tax-related cases in the country. And from this 97,000 crore rupees tax disputes are cleared. And government extended the date of this scheme to 31st March 2021.

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Who will not get the benefit of Vivad Se Vishwas Scheme

• The person who does not declare his income cannot take the advantage of this scheme.
• With this those who do not give the information of their property which is more than their income also cannot be a part of it.

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• Those persons cannot take benefit of Vivad Se Vishwas yojana in whose cases the court passed a judgment.
• Those who cannot take advantage of this against is an arrest warrant is issued or an order of police custody.
• Those whose property is illegal cannot take benefit of this scheme.

#FinMin2020
➡️Keeping the difficult Covid times in mind, window for availing the Vivad Se Vishwas Scheme was extended.Taxpayers can now file declaration by 31st December, 2020 & make payment without additional amount by 31st March, 2021.
(1/5)#ReformsAndGrowth #IndiaFightsCorona pic.twitter.com/s5yA3hm1VO

— Ministry of Finance (@FinMinIndia) December 13, 2020

Process of applying in the Vivad Se Vishwas Scheme

For taking advantage of this scheme you have to apply online. For this, you can go to the official website of this scheme issued by the government. (which is given above in this article). You have to fill a declaration form after going to the official website. After 15 days of this income tax department will issue a certificate.

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In which the total due amount is given. You have to clear all your dues after 15 days from the issue of the certificate. Then you have to fill the due amount in a form and submit it to the income tax department for informing the department that the due is cleared. After that income tax department will declare that now your all dues are cleared.

The reason behind the start of Vivad Se Vishwas Scheme

The main reason behind starting this scheme is to decrease the number of tax-related cases and clear all the pending tax-related cases. This scheme will save the taxpayers from the harsh process of the case. Which will increase the faith between the taxpayers and the government. And many more reasons behind the start of this scheme like.

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• The target of this scheme is to decrease the number of tax-related cases in the country
• This scheme will be very beneficial for the businessmen and direct taxpayers because in this scheme if they pay all their dues in the given period then they will get a concession on penalties and interests. From this government will recover all the due amount very quickly.
• How important this scheme is you can take an idea of that from this that in a situation like this when government cuts its all unnecessary expenses. Then this scheme can be a boom for the government because from this scheme government will recover all the due tax amount quickly. And this will give them additional financial power.

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This scheme is proved itself like a boon for both the government and taxpayers. Because it is very expensive and time-consuming for the government to recover all these due amounts.

And the same case with the taxpayers because the process of tax-related cases is expensive and harshful. In this situation, this scheme is solving both’s problem and growing faith in each other which will be very useful in the future for stopping this problem.

Now in the end some questions related to this Scheme

What is the last date of Vivad Se Vishwas yojana ?
The last date of this scheme is 31st march 2021.

Can someone apply after the order in his tax-related dispute ?
No, this is very clear in the guidelines of this scheme.

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How much time will be given for clearing all dues after the certificate given from the income tax department ?
There are 15 days for you to clear all the dues after the issue of the certificate from the income tax department.

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