Case Studies & Procedures Under Direct Tax Vivad Se Vishwas Act 2020

Description

The book is a ready-referencer, to assist the assessees and tax practitioners, in understanding the legislative provisions and the practicalities of Vivad se Vishwas Act, in a step-by-step manner. The book also explains the practical aspects of the scheme through practical case studies encompassing real income-tax disputes. This book will help you make wise, informed and timely decisions about opting the scheme to settle the tax dispute.

The Present Publication is the 3^rd Edition, as amended by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 & updated till 5^th October, 2020. This book incorporates the following:

·    All the legislative provisions of the scheme explained with the help of illustrative case studies

·    Covering case-studies on the following issues:

o   Scope, Coverage and Eligibility

o   Exclusions

o   Computation of Tax Arrears

o   Computation of Disputed Tax

o   Computation of Disputed Interest and Penalty

o   Computation of Tax Payable under the Scheme

·    Detailed analysis of Operation Clean Money and Demonetisation Cases

·    Case studies on long-term capital gain arising from the sale of penny stocks