Direct Tax Vivad se Vishwas Act, 2020

Section - 3 - Amount payable by declarant

Amount payable by declarant

3. Subject to the provisions of this Act, where a declarant files ¹[under the provisions of this Act on or before such date as may be notified]^*, a declaration to the designated authority in accordance with the provisions of section 4 in respect of tax arrear, then, notwithstanding anything contained in the Income-tax Act or any other law for the time being in force, the amount payable by the declarant under this Act shall be as under, namely:-

Sl. No.

Nature of tax arrear.

Amount payable under this Act on or before the ²[31st day of December, 2020 or such later date as may be notified]^*

Amount payable under this Act on or after the ³[1st day of January, 2021 or such later date as may be notified]^* but on or before the last date

(a)

where the tax arrear is the aggregate amount of disputed tax, interest chargeable or charged on such disputed tax and penalty leviable or levied on such disputed tax.

amount of the disputed tax.

the aggregate of the amount of disputed tax and ten per cent. of disputed tax:

provided that where the ten per cent. of disputed tax exceeds the aggregate amount of interest chargeable or charged on such disputed tax and penalty le .... To read the full section download the app from Google Play store