Notification No. 85/2020 [F. No. IT(A)/1/2020-TPL] / SO 3847(E)

Last updated: 29 October 2020

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This notification from the Ministry of Finance announces key dates for the Direct Tax Vivad se Vishwas Act, 2020. Declarations must be filed by 31st December 2020. Payments are due by 31st March 2021, or can be made from 1st April 2021 onwards. These dates are crucial for taxpayers utilising the scheme.

MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION

New Delhi, the 27th October, 2020

S.O. 3847(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby notifies that the,–

(a) 31st day of December, 2020 shall be the date, on or before which a declaration shall be filed to the designated authority, by the declarant, in accordance with the provisions of section 4 of the said Act in respect of tax arrear;

(b) 31st day of March, 2021 shall be the date on or before which the amount payable under the said Act shall be paid as per third column of the Table to section 3 of the said Act; and

(c) 1 st day of April, 2021 shall be the date on or after which the amount payable under the said Act shall be paid as per fourth column of the Table to section 3 of the said Act.

2. This notification shall come into force from the date of its publication in the Official Gazette.

[Notification No. 85/2020, F. No. IT(A)/1/2020-TPL]

ANKUR GOYAL, Under Secy

FAQ :

The deadline for filing a declaration with the designated authority is 31st December 2020.

The amount payable under the Act must be paid on or before 31st March 2021, or from 1st April 2021 onwards.

This notification specifies the dates for filing declarations and making payments under the Direct Tax Vivad se Vishwas Act, 2020.

The notification was issued by the Ministry of Finance (Department of Revenue) and comes into effect from its publication date.

Notification No : 85/2020
Source : https://www.incometaxindia.gov.in/communications/notification/notification_85_2020.pdf

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