Quick Summary
The Central Board of Direct Taxes (CBDT) has issued a new order under the Direct Tax Vivad se Vishwas Act, 2020 (DTVsV Act). This order, released on June 27, 2024, aims to provide further clarity and guidance on dispute resolution mechanisms for taxpayers. Official copy of the order is as fol
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FAQ :
The new CBDT order aims to provide further clarity and guidance on dispute resolution mechanisms for taxpayers under the Direct Tax Vivad se Vishwas Act, 2020, particularly concerning delayed tax payments.
The new order was issued under the Direct Tax Vivad se Vishwas Act, 2020 (DTVsV Act).
Taxpayers must have made full payment of taxes (including any amount payable after the due date) on or before February 28, 2022, and their appeals must have been withdrawn or not decided as of the date of full payment.
The entire process, including the issuance of modified forms and finalisation, should be completed by September 30, 2024.
The concerned Principal Commissioner of Income Tax (PCIT) will issue modified Form-3 manually if needed, allow the assessee to file Form-4 manually, and then issue Form-5 manually.
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