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Can't cherry-pick issues under 'Vivad se Vishwas', clarifies govt

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.

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Illustration: Binay Sinha

Dilasha Seth New Delhi
Picking and choosing issues under one order will not be allowed and the tax dispute will be settled under the direct tax dispute resolution scheme, which is yet to be notified.
 
Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.
 
The declarant has to deposit the disputed tax amount within 15 days of the determination of the tax liability by a designated authority.
 
The clarification gives little time to assessees to square up by March 31 because the Bill is yet to