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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.
The Union government on Friday said the second edition of the Direct Tax Vivad Se Vishwas Scheme 2024, which will help reduce litigation and bring certainty for taxpayers, will become operational from 1 October.
CBDT issued Notification no. 103/2024 dated 19.09.2024 whereby Central Government hereby appoints 1st day of October, 2024, as the date on which the Direct Tax Vivad Se Vishwas Scheme, 2024 shall come into force.
CBDT issued Order F. No. 173 on 27.06.2024 regarding Direct Tax Vivad Se Vishwas Act, 2020
The Ministry of Finance on Thursday extended the deadline by two months till December 31 for submitting claims to settle pending disputes relating to government contracts. The Vivad se Vishwas II scheme was launched on July 15 to settle disputes…
The Department of Expenditure, Ministry of Finance, has launched the scheme, “Vivad se Vishwas II – (Contractual Disputes), to effectively settle the pending contractual disputes of government and government undertakings. The scheme was announced in the Union Budget 2023-24 by the…