Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Vivad se Vishwas Act: Tax Dispute Settlement Rates and Deadlines Explained for Assessees and Department Cases</h1> Under the Vivad se Vishwas Act, 2020, an assessee must pay specific percentages to settle tax disputes. For cases filed by the assessee, payment before March 31, 2020, requires 100% of disputed tax (125% in search cases) or 25% of disputed penalty, interest, or fee. After March 31, 2020, these rates increase to 110% (135% in search cases) and 30%, respectively. If the Department files the case, the rates are 50% (62.5% in search cases) and 12.5% before March 31, 2020, and 55% (67.5% in search cases) and 15% after. Favorable prior rulings may reduce payment to 50%.