SABKA VISHWAS ( LEGACY DISPUTE RESOLUTION ) SCHEME 2019 is effective from 01.09.2019 and will end on 31.12.2019.
Therefore apply for SVLDRS 2019 by filing "FORM SVLDRS 1" ( Under Section 125 of the Finance (No.2) Act 2019 read with Rule 3 of the SVLDRS Rules 2019 ) ASAP. Last date to opt for the Scheme is 31.12.2019.
If someone opted this scheme then where to show such expenses in profit and loss account. I mean in prior period expenses or under other expenses. Is it allowable expenditure under income tax?
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