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Govt collects Rs 72K-cr under Vivad Se Vishwas direct tax resolution scheme

A total of 45,855 declarations have been filed under Form 1 as on November 17 and declarations amount to Rs 31,734 crore

Vivad se Vishwas, tax dispute resolution, tax

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The government amended the Finance Act in September to extend the payment date under the Direct Tax Vivad se Vishwas Act, 2020 without additional amount to December 31, 2020.

Dilasha Seth New Delhi

2 min read Last Updated : Nov 18 2020 | 11:17 PM IST

The government has collected Rs 72,480 crore so far under its flagship, Vivad se Vishwas direct tax resolution scheme, with over a month to go for the deadline.

A total of 45,855 declarations have been filed under Form 1 as on November 17 and declarations amount to Rs 31,734 crore.

In case of CPSUs, the total amount being settled under the scheme is Rs 1,00,195 crore.

"So far, tax of Rs 72,480 Crore has been paid by the CPSUs and taxpayers against the disputed demand under the scheme till date," said a government official.

The government amended the Finance Act

Topics : Direct Tax Centre Budget taxpayers Income Tax Act

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