20 May 2020
I have a small business of fruits sale and whole business is depend up cash base sale, during notebandi time there was some cash deposit in my bank account. Now in limited scrutiny AO charged RS 370000 under section 115BE on which they changed RS 222000 as tax and Rs 55500 as surcharge. Is there any scope to get relief under vivad se viswas scheme. Please guide me on this
22 May 2020
If you have filed an appeal against the assessment order before CIT(A) and is pending on 31.1.2020 or time to file appeal against the assessment order has not expired on 31.1.2020 then you may opt for the Vivad se Vishwas Scheme whereby you will save interest and penalty and also immunity form prosecution will be available.
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