Mumbai Income Tax chief writes to CBDT head to extend the date of limitation

Considering that Mumbai contributes towards 32 per cent of tax mop up, the Principal Chief Commissioner has also requested to extend the same for Direct Tax dispute resolution or Vivad se Vishwas (VsV) scheme and cases under the Black Money Act. Under VsV, disputed assessees can apply before March 31, an additional 10 per cent more will be charged for settlement of disputes after that date.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3acj1Z7