Taxmann’s Law Relating to Direct Tax Vivad se Vishwas Act 2020

The book explains the Direct Tax Vivad se Vishwas Act, 2020 in a reader-friendly FAQ format. This book also address all-your-queries about the scheme, along-with supporting documents and schemes introduced in the past.


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


• Explanation about every provision of the scheme


• Clarifications issued by the CBDT in respect of the scheme


• Clarifications given by the CBDT in respect of past similar schemes like:


o Direct Taxes Dispute Resolution Scheme, 2016 and


o Kar Vivad Samadhan Scheme, 1998


• Case Laws decided in the previous dispute resolution schemes


• Illustrations to evaluate the applicability of the scheme


• Checklists before opting for the scheme


• Coverage of this book is as follows:


o Impact of making a declaration whether making a declaration under Vivad se Vishwas Act, amounts to conceding the tax position and what amounts already paid with respect to disputed amount


o Who can make a declaration & settle tax disputes under Vivad se Vishwas Act?


o Meaning of Appeal


o Tax Arrears for which a declaration cannot be made


o Persons who are barred from making a declarant under the Act


o Computation of amount payable by declarant in respect of ‘Tax Arrear’


o Procedure for making declaration and payment under the Act


o Consequences and benefits of making declaration and payment under the Act