- Year of Publication: 2020
- ISBN: 0
Episode Duration:
70 minutes
Episode Background:
As you may be aware that the Government has approached taxpayers for a handshake to convert the Tax Vivads (disputes) to Vishwas (trust), offering taxpayers a one-time opportunity to settle their pending income tax litigation by paying the tax dues and waiving the interest and penalty on the disputes. The CBDT, in lieu of representations from stakeholders has issued FAQs providing clarifications and also extending relaxations. Earlier the Vivad se Vishwas Scheme (VsV scheme) had a deadline of 31 March 2020 which has been extended twice and now taxpayers can apply for settlement of their tax disputes until 31 December 2020.
What shall the episode cover?
Against this backdrop, Taxsutra is delighted to present to you a unique episode on “Sharing practical & technical perspectives of leveraging the VsV opportunity” with Karishma Phatarphekar, Partner, Deloitte Touche Tohmatsu India LLP & Sharath Rao, Subject Matter Expert.
In this episode, Mrs. Karishma and Mr. Sharath has covered an array of topics which includes the following:
- Decoding Circular no. 21 of 2020 in relation to the second set of FAQs issued.
- VsV taxpayer on ground experience
- Points which still require clarity
- Recommendations
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2020
- ISBN: 0
Episode Duration:
70 minutes
Episode Background:
As you may be aware that the Government has approached taxpayers for a handshake to convert the Tax Vivads (disputes) to Vishwas (trust), offering taxpayers a one-time opportunity to settle their pending income tax litigation by paying the tax dues and waiving the interest and penalty on the disputes. The CBDT, in lieu of representations from stakeholders has issued FAQs providing clarifications and also extending relaxations. Earlier the Vivad se Vishwas Scheme (VsV scheme) had a deadline of 31 March 2020 which has been extended twice and now taxpayers can apply for settlement of their tax disputes until 31 December 2020.
What shall the episode cover?
Against this backdrop, Taxsutra is delighted to present to you a unique episode on “Sharing practical & technical perspectives of leveraging the VsV opportunity” with Karishma Phatarphekar, Partner, Deloitte Touche Tohmatsu India LLP & Sharath Rao, Subject Matter Expert.
In this episode, Mrs. Karishma and Mr. Sharath has covered an array of topics which includes the following:
- Decoding Circular no. 21 of 2020 in relation to the second set of FAQs issued.
- VsV taxpayer on ground experience
- Points which still require clarity
- Recommendations
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
