Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020

Last updated: 29 October 2020

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The Direct Tax Vivad se Vishwas Act, 2020, enacted to reduce income tax litigation and provide certainty to taxpayers, has had its payment deadline extended. The date for making payments without additional charges has been moved from 31st December 2020 to 31st March 2021. However, the deadline for filing declarations remains 31st December 2020.

Circular No. 18 /2020 F.No. IT(A)/1I2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 28th October, 2020 Subject: Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020 - reg. With the objective to reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpayers by providing them peace of mind, certainty and savings on account of time and resources that would otherwise be

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FAQ :

The Act was enacted to reduce pending income tax litigation, generate timely revenue for the Government, and benefit taxpayers by providing them with peace of mind, certainty, and savings.

The date for payment without an additional amount has been extended to 31st March 2021.

The last date for filing a declaration under the Vivad se Vishwas Act is 31st December 2020.

For declarants who file their declaration on or before 31st December 2020, the designated authority will allow payment without additional amount on or before 31st March 2021, mitigating potential hardship from the original 15-day payment window.

The Act's provisions were amended to provide certain relaxations due to the COVID-19 pandemic and to empower the Central Government to notify certain dates.