Vivad Se Vishwas scheme: Declarations can be filed even where notice of prosecution has been issued

In the FAQ issued on March 4, the CBDT said that where notice for initiation of prosecution has been issued with reference to tax arrears, the taxpayer has a choice to compound the offence and opt for Vivad se Vishwas. However, the scheme will not cover cases where prosecution has already been instituted and is pending in the court.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2Kos8KQ