Disputes of Rs 98,328 Crore Resolved till March

 

Union Minister of State for Finance & Corporate Affairs has informed that  total 1,28,733 Declarations have been filed under Vivad Se Vishwas Scheme till 1st March, 2021 by taxpayers. These include 1,393 declarations by Central PSUs and 833 declarations by State PSUs/ boards.

Declarations have been filed by taxpayers for resolution of Tax disputes amounting to Rs 98,328 crore till 1st March 2021. While, payment of Rs 53,346 crore have been made by taxpayers under the scheme till 1st March 2021.

Further the Minister added that the total number of pending tax disputes as on the Eligibility date was 5,10,491. The 1,28,733 declarations relate to 1,43,126 pending disputes (including cross appeals). Thus, the declarations received under the scheme cover more than 28 percent of pending tax disputes.

Click here for official press release:


Knowledge Source:

Income Tax Refund of Rs 1,98,106 Crore Issued till Date

Leave a Reply

Your email address will not be published.