The Vivad Se Vishwas Scheme allows assessees to settle tax disputes. Once the designated authority accepts a declaration and issues Form 3, the assessee must pay the determined amount within 15 days. However, there's an option to pay by 31st March 2021, with extended deadlines of 30th April 2021 for the original amount and 30th June 2021 for 110% of the original amount.
22 March 2021
Dear All, As per the Scheme once the declaration made by Assessee is accepted by designated authority and Form 3 is issued, the declarant shall pay the amount determined within 15 days of receipt of the certificate and intimate the details of such payment to the designated authority.
As per the Scheme, Assessee has an option for making payment on or before 31st March'2021.
My query is, If form No. 3 is issued by designated authority on or before 31st January 2021, Assessee can pay taxes before the last date even if 15 days have lapsed or the form will be void.