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<h1>Circular Clarifies Direct Tax Vivad se Vishwas Act 2020: Eligibility, Procedures, and Dispute Settlement Explained.</h1> The circular provides clarifications on the Direct Tax Vivad se Vishwas Act, 2020, aimed at resolving pending income tax disputes. It addresses various queries from stakeholders, offering detailed guidance on the scheme's applicability, eligibility, and procedural aspects. The circular reissues 55 questions from an earlier circular with modifications, clarifying the scope of the Act, eligibility criteria, calculation of disputed tax, and procedural requirements. It emphasizes that the scheme is designed to reduce litigation, generate timely revenue, and provide certainty to taxpayers. The circular also outlines the process for filing declarations, payment timelines, and the implications of settling disputes under the Act.