Direct Tax Vivad se Vishwas declarations require case details, schedule based settlement calculations and an irrevocable waiver. Form 1 requires a declarant to provide identifying and appellate case details, confirm eligibility and options on losses/depreciation/MAT credit, and select the applicable schedule. Each schedule defines disputed amounts and prescribes formulae to compute X (if declared by 31.12.2024) or Y (if declared after 01.01.2025) based on forum and appellant status. The form records prior payments, nets them against the Scheme amount, and incorporates a verification and an irrevocable undertaking waiving all rights to pursue remedies on the specified tax arrear.