Quick Summary
The Scheme to come into force with effect from 1st Oct. 2024DTVSV Scheme provides for lesser settlement amounts for a 'new appellant' in comparison to an 'old appellant' In pursuance of the announcement in Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has notified the Direct Tax Vivad Se Vishwas Scheme, 2024 (referred as DTVSV, 2024) to resolve pending appeals in the case of income tax disputes. The s
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The scheme will come into force from 1st October 2024.
The scheme provides for lower settlement amounts for 'new appellants' compared to 'old appellants', and also for taxpayers who file their declarations on or before 31st December 2024.
Four separate forms have been notified: Form-1 for declaration and undertaking, Form-2 for certificate by Designated Authority, Form-3 for payment intimation, and Form-4 for final settlement order.
Form-1 should be filed separately for each dispute, unless both the appellant and the income-tax authority have filed an appeal for the same order, in which case a single Form-1 can be filed.
Forms 1 and 3 are to be furnished electronically by the declarant and will be available on the Income Tax Department's e-filing portal.
Form-3 is to be furnished to the Designated Authority along with proof of withdrawal of appeal, objection, application, writ petition, special leave petition, or claim.
CAclubindia
