In exercise of the powers conferred under Rule 8 of The Direct Tax Vivad Se Vishwas Rules, 2024, the Director General of Income Tax (Systems), Bengaluru, lays down the Procedure for making declaration and furnishing undertaking in Form-1…
Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 circulated vide CBDT Circular no. 12/2024 dated 15th…
The Ministry of Finance has published certain clarifications and frequently asked questions (FAQs) about Direct Tax Vivad Se Vishwas Scheme 2024. This was announced in Budget 2024. The scheme aims to provide a dispute resolution opportunity to taxpayers for pending income tax litigations by forgiving all pending penalties and interest amount. However, this waiver of penalty and interest is conditional. To get the relief you must submit the appropriate form and also deposit the disputed tax demand amount by the specified date.
Central Board of Direct Taxes (CBIC) issued Circular no.12/2024 dated 15.10.2024 providing Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024.
Form 1 of DTVSV 2024 is now available for online filing. For details please refer Notification No. 104/2024, F. No.…
Directorate of Income Tax (Systems), Bengaluru issued Notification no. 4 of 2024 dated 30.09.2024 prescribing Procedure for making declaration and furnishing undertaking in From-1 under Rule 4 of the Direct Tax Vivad Se Vishwas Rules, 2024.
CBDT issued Notification no. 105/2024 dated 27.09.2024- Income tax as a Corrigendum to Notification no. 104/2024 dated 20.09.2024- Income tax pertaining to Direct Tax Vivad Se Vishwas Rules, 2024.
The Central Board of Direct Taxes (CBDT) has recently released notification, saying the Direct Tax Vivad Se Vishwas Scheme 2024 will come into effect from October 1, 2024. This scheme seeks to minimise income tax litigation by offering taxpayers the opportunity to settle ongoing income tax appeals, writs, and petitions pending before various appellate authorities, including the Supreme Court and high courts, as of July 22, 2024.
CBDT issued Notification no. 104/2024 dated 20.09.2024 to make rules called as “Direct Tax Vivad Se Vishwas Rules, 2024.
In pursuance of the announcement in Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has notified the Direct Tax Vivad Se Vishwas Scheme, 2024 (referred as DTVSV, 2024) to resolve pending appeals in the case of income tax disputes. The said Scheme shall come into force with effect from 1st Oct. 2024.
