Considering the success of the prior scheme and the increasing backlog of appeals at the CIT(A) level, the Government has introduced the Direct Tax Vivad se Vishwas Scheme, 2024 ('Scheme' or 'DTVVS') through the Finance (No. 2) Act, 2024. The DTVVS provisions are outlined in Sections 88 to 99 of the Finance (No. 2) Act, 2024. This article comprehensively answers all pertinent questions regarding the Scheme's FAQs, offering insights based on its current framework and the clarifications provided by the CBDT for similar schemes from preceding years. Key FAQs discussed include: ‣ What are the salient features of the Scheme? ‣ Can taxpayers opt for this Scheme if they have availed of a similar scheme announced in earlier years? ‣ How does DTVVS 2024 differ from DTVVS 2020? ‣ What are the consequences for an assessee who declares to settle disputed tax arrears under the Scheme? ‣ Does the Scheme offer immunity from prosecution to the declarant? ‣ Who is ineligible to make a declaration under the Scheme? ‣ Is the bar on making a declaration applicable solely to the assessment year for which prosecution has been initiated?

This book provides a comprehensive, practical guide to the Direct Tax Vivad se Vishwas Scheme (DTVSV/Scheme) 2024, aimed at simplifying the resolution of income tax disputes. It breaks down the DTVSV's provisions, explaining its objectives, eligibility, and the procedure to file a declaration. With a detailed analysis of the scheme's legal framework, supported by relevant case laws, CBDT clarifications, and case studies, the book is a complete resource for understanding how to resolve pending direct tax disputes effectively. The book covers key areas like the consequences of opting for the scheme, how to compute the payable amount and the step-by-step process of filing online declarations. It also clarifies which cases and persons are barred from making declarations under the scheme and guides disputes that fall outside its purview. This book is helpful for tax professionals, legal practitioners, and taxpayers by offering in-depth insights, practical guidance, and easy-to-understand explanations of complex tax disputes. The Present Publication is the Latest Edition, amended by the Finance (No. 2) Act, 2024. This book is authored by CA. Srinivasan Anand G., with the following noteworthy features: • [Detailed Analysis with Practical Insights] The book breaks down the DTVSV, aligning it with judicial decisions and clarifications issued by the CBDT. It simplifies the rules of the scheme, enabling readers to understand who can make a declaration, the implications of opting for it, and how disputes are resolved • [Illustrative Case Studies] To provide actionable insights, the book includes case studies that highlight the application of DTVSV in various tax scenarios, demonstrating how disputes can be settled effectively under the scheme • [Step-by-Step Guidance for Online Filing] The book features a visual guide to filing an online declaration in Form-1 under the scheme, complete with screenshots and instructions for a smooth and accurate submission process The structure of the book is as follows: • Introduction to the Scheme o An overview of DTVSV, its objectives, and comparisons with the previous DTVSV 2020, establishing the legal foundation and purpose of the scheme • Eligibility, Consequences, and Scope o These chapters explore who can make a declaration, the consequences for pending disputes, and the meaning of 'appeal' and 'pending' status, providing clarity on eligible cases and taxpayers • Restrictions and Computation o The book identifies tax arrears and persons barred from making declarations and provides a clear method for calculating the payable amount under the scheme for various tax disputes • Procedural Guidance and Benefits o A detailed guide on how to file declarations and make payments, along with a discussion of the benefits and finality of outcomes after making declarations under DTVSV • Practical Case Studies and Online Filing Process o The latter chapters present case studies to illustrate the scheme's provisions and a step-by-step process for online filing with visual aids • Supplementary Resources o Relevant Legal Provisions and Rules – Extracts from the Finance (No. 2) Act, 2024, and DTVSV Rules 2024 o Clarifications on Prior Dispute Schemes – Contextual notes on past schemes to provide comprehensive background information. o Notifications and Designations – Important updates on authorities designated under DTVSV 2024

A Comprehensive Practice Guide For Chartered Accountants To Conduct Compulsory Tax Audit Under Section 44Ab Of Income Tax Act *Clause-By-Clause Analysis Of Form No. 3Ca/3Cb/3Cd. *Linking Of Each Item Of Form 3Cd To Corresponding Item In Itr 5/Itr 6 So That Returns Can Be Filled Up Easily Based On Form 3Cd. *Relevant Provisions Of Income-Tax Act, As Amended By Finance (No.2) Act, 2009 Duly Explained With The Help Of Charts & Tables. *Relevant Discussion Of Legal Provisions And Case Laws. *Icai'S Views Incorporated. *Practical Analysis Of Auditing & Assurance Standards.

Aspiring entrepreneurs have a number of concerns that stop them from launching their own business - How do you pay your monthly bills when you are not making money? How do you find the right manufacturer so that you do not get swindled? How do you find the right developer? How do you actually find customers? What happens if you fail and do not find a job again? Unlike what is commonly believed, most entrepreneurs are pretty risk averse. What separates them from aspiring entrepreneurs is their ability to take calculated financial decisions and actually doing things that they are passionate about. So how do you be like them? In this book, author Anand Srinivasan; a digital media consultant and a struggling entrepreneur himself, talks to 100 different entrepreneurs about the challenges they faced while starting up and how they overcame them. Entrepreneurs interviewed include the likes of Matt Barrie from Freelancer.com; the world's largest online freelancer marketplace, Beth Shaw from YogaFit; the world's largest Yoga training school and Dianne Crowley from Wild Wing Cafe; a popular restaurant chain in South Eastern USA. The list of interviewed entrepreneurs include people from all hues and backgrounds - people who grew their business as a side-job, those who risked it all and jumped in to entrepreneurship, mommy entrepreneurs who had to take care of children, entrepreneur couples who did not have the luxury of a stable spouse income. The idea for this book is simple - we want to understand the struggles of entrepreneurship from multiple perspectives; including those who failed and had to go back to a regular job. This is a book targeted at all aspiring entrepreneurs and those like the author himself who are still struggling to make their business successful. Get to learn the tips and tricks that made other entrepreneurs successful. Learn how they really did it. List of chapters1 : Validating Your Business Idea 2 : Setting Your Finances Straight 3 : How To Fund Your Start-up 4 : Finding The Right Manufacturer 4a – Setting Up Your Own Manufacturing 5 : Finding A Development Team 6 : How To Get The Very First Customers 7 : Getting Those First Big Customers 8 : Tackling The Chicken & Egg Problem 9 : Growth vs. Revenue - What Comes First? 10 : What Do You Charge Your Customers? 11 : Challenges With Increasing Demand 12 : Strategies To Retain Your Customers 13 : Handling Negative Press & Reviews 14 : Achieving Work-Life Balance 15 : Entrepreneur Couples And Finance Planning 16 : Female Entrepreneurs' Challenges 17 : Raising Kids While Starting Up 18 : Tech Startups Outside USA 19 : Hiring – Mistakes & Lessons Learned 20 : How Important Is A Co-Founder? 21 : Rejected By VCs. Are VCs Necessary? 22 : Start-up Failure – How Do You Recover? 23 : Risk Taking For Starting Up 24 : Selling Your Business 25 : The Lows Of Entrepreneurship 26 – Lessons From Startup Journey

About the Book This book is an easy reference and how to do guide for handling prosecution matters under the Income-tax Act, 1961 and GST Laws. This book would be of immense help to Chartered Accountants and other tax practitioners who generally do not practice before the trial courts. It covers the journey of prosecution provisions and how it evolved over a period of time. Testimonials “This is very timely and much needed guidance for practitioners, in-house counsels and students alike. Gagan does a great job in tracing the legislative history, judicial precedents and applicable statutes in relation to tax prosecution in a lucid manner.” Abhishek Chawla Tax Director- Xerox Corp, USA “To write about a complicated subject like prosecution under income tax law, that too in a clear, lucid and authoritative manner, in itself is an achievement. It is indeed heartening to see the seamless manner in which this complex web of Criminal Procedure Code and Income-tax Act, 1961 has been emancipated by the author.” Sunil Gupta Ex-IRS & Joint Secretary (TPL) CBDT, Ministry of Finance, New Delhi “The book demystifies in clear simple language a complex piece of domestic legislation all ably put in spotlight.” Girish Punwani Direct Tax (GM), Maruti Suzuki Inida Limited.

Taxing Energy Use (TEU) 2019 presents a snapshot of where countries stand in deploying energy and carbon taxes, tracks progress made, and makes actionable recommendations on how governments could do better. The report contains new and original data on energy and carbon taxes in OECD and G20 countries, and in international aviation and maritime transport.