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 ?

31 December 2024 Yes, Initially set for December 31, 2024, the new deadline is now January 31, 2025.

01 January 2025 In. Above case, addition is made as unexplained cash treated as Other source so such case eligible under such scheme?

01 January 2025 Yes, if you have an unresolved dispute regarding unexplained cash credits and your appeal is pending as the date, you are eligible to utilize the DTVSVS 2024 for resolution; unless it is relating to any undisclosed income from a source located outside India or undisclosed asset located outside India.


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