The Central Board of Direct Taxes (CBDT) has released a new set of Frequently Asked Questions (FAQs) to clarify the Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024. This initiative aims to address queries from stakeholders and provide better understanding of the scheme's provisions. The DTVSV Scheme, announced in the Union Budget 2024-25, is designed to help resolve outstanding income tax disputes.
In order to facilitate the various queries raised by the stakeholders following the enactment of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, the Central Board of Direct Taxes (CBDT) has today issued a Guidance Note in the form of Frequently Asked Questions (FAQs). This note is designed to provide clarity and assist taxpayers in better understanding the provisions of the Scheme.
The Guidance Note can be accessed here
The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announce
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FAQ :
The CBDT has issued a Guidance Note in the form of Frequently Asked Questions (FAQs) to provide clarity on the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024.
The scheme was announced to resolve pending income tax disputes.
It was announced in the Union Budget 2024-25 by the Union Finance Minister.
The scheme was enacted through the Finance (No. 2) Act, 2024.
The corresponding Rules and Forms for implementing the Scheme were notified on September 20, 2024.
Detailed provisions can be found in sections 88 to 99 of the Finance (No. 2) Act, 2024, along with the Direct Tax Vivad Se Vishwas Rules, 2024.