Direct Tax Vivad se Vishwas: electronic declarations, certificates and computed settlement payments with carryforward and MAT adjustments. The rules prescribe electronic declarations (Form 1), irrevocable undertakings (Form 2), certificates of determination (Form 3), payment intimation with proof of withdrawal (Form 4) and settlement orders (Form 5) under the Direct Tax Vivad se Vishwas Act, 2020; require verification under income tax return rules; assign systems responsibilities for e filing and security; permit options for treating reductions in loss, unabsorbed depreciation or MAT credit (include in disputed tax or carry forward reduced amounts) with specified proportional and multiplier adjustments for non search and eligible search cases; and set proportional apportionment principles where issues are covered in the declarant's favour.
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Provisions expressly mentioned in the judgment/order text.
Direct Tax Vivad se Vishwas: electronic declarations, certificates and computed settlement payments with carryforward and MAT adjustments.
The rules prescribe electronic declarations (Form 1), irrevocable undertakings (Form 2), certificates of determination (Form 3), payment intimation with proof of withdrawal (Form 4) and settlement orders (Form 5) under the Direct Tax Vivad se Vishwas Act, 2020; require verification under income tax return rules; assign systems responsibilities for e filing and security; permit options for treating reductions in loss, unabsorbed depreciation or MAT credit (include in disputed tax or carry forward reduced amounts) with specified proportional and multiplier adjustments for non search and eligible search cases; and set proportional apportionment principles where issues are covered in the declarant's favour.
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