Eligibility with regards to DTVSV – 24 Scheme of Income Tax
This query is : Resolved
30 December 2024
Assessing officer has finalized the assessment for the A.Y.2016-17 and imposed a demand of Rs.17,63,712/- (including interest).
Mr.A has filed the appeal against the order and paid the Tax amount of Rs. 6,34,480/- as on dated 10th april 2024. Whether Mr.A is eligible for the DTVSV – 24 Scheme of Income Tax to waive interest ?
Mr.A has filed the appeal against the order and paid the Tax amount of Rs. 6,34,480/- as on dated 10th april 2024. Whether Mr.A is eligible for the DTVSV – 24 Scheme of Income Tax to waive interest ?
31 December 2024
Yes, Mr. A has already paid a portion of the tax demand (Rs. 6,34,480) and assuming it pertains to the tax amount itself (not interest), he may be eligible to apply under the DTVSV Scheme for the waiver of interest.
13 January 2025
The due date extended for determining amount
payable as per direct tax vivad se vishvas scheme,
2024 from 31 december 2024 to 31 january 2025 as
per circular no. 20/2024 of central board of direct
taxes. But on the income tax portal the extension
update has not been made. It still shows 31
december 2024 for which snapshot has been
attached herewith for your kind reference.
As per circular if we fle Form 1 of DTVSV on or
before 31 january 2025 we have to pay 100 percent
of tax amount but on the portal date has not been
updated. Whether we continue to fle the form ?
payable as per direct tax vivad se vishvas scheme,
2024 from 31 december 2024 to 31 january 2025 as
per circular no. 20/2024 of central board of direct
taxes. But on the income tax portal the extension
update has not been made. It still shows 31
december 2024 for which snapshot has been
attached herewith for your kind reference.
As per circular if we fle Form 1 of DTVSV on or
before 31 january 2025 we have to pay 100 percent
of tax amount but on the portal date has not been
updated. Whether we continue to fle the form ?
13 January 2025
File it as per date 31.12.2024 only.
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