Credit for earlier taxes reduces the Vivad se Vishwas payment required, as the scheme offsets prior tax payments. The amount payable under Vivad se Vishwas is determined by the Departmental Authority under clause 5. Credit for taxes paid against the disputed tax ... Summary
Credit for earlier taxes reduces the Vivad se Vishwas payment required, as the scheme offsets prior tax payments.
The amount payable under Vivad se Vishwas is determined by the Departmental Authority under clause 5. Credit for taxes paid against the disputed tax before filing the declaration is available and is applied against the payable amount, reducing the balance that the declarant must remit under the scheme.
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