The Direct Tax Dispute Resolution Scheme, 2016 incorporated as Chapter X of the Finance Act, 2016, shall come into force on the 1st of June, 2016 and Declarations under this Scheme may be made on or before the 31st December, 2016 in respect of tax arrears & specified tax. The relevant rules and forms in this regard have been notified vide notification no. 34 & 35 dated 26th May, 2016. 

The provisions relating to imposition and collection of Equalisation Levy incorporated as Chapter VIII of the Finance Act, 2016 comes into force from the 1st of June, 2016. The notification also provides for date of effectivity of equalisation levy, the statement of specified services, notice of demand and the relevant forms.  The relevant rules and forms in this regard have been notified vide Notification No. 37 & 38 dated 27th May, 2016.

These notifications are available on the departmental website   http://www.incometaxindia.gov.in .

Direct Tax Dispute Resolution Scheme enables declarations for tax arrears within a limited window under notified rules. The Direct Tax Dispute Resolution Scheme, 2016 went into force on June 1, 2016, providing a statutory window for taxpayers to make declarations for tax arrears and specified tax within the prescribed period, with rules and forms notified to implement the declaration procedure. The Equalisation Levy provisions also commence on June 1, 2016, and the notified rules and forms specify the effectivity date, covered specified services, notice of demand procedure, and related forms for collection and administration of the levy.