Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020

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....ax Vivad se Vishwas Act, 2020 - reg. With the objective to reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpayers by providing them peace of mind, certainty and savings on account of time and resources that would otherwise be spent on the long-drawn and vexatious litigation process, the Direct Tax Vivad se Vishwas Act, 2020 (hereinafter referred t....

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.... the declarant is required to pay the amount within a period of 15 days from the date of receipt of certificate from the designated authority. However, as per the aforesaid notification, a declarant who files declaration on or before 31^st December, 2020 can make payment without additional amount on or before 31^st March, 2021. Hence, requiring payment by the declarant within a period of 15 days f....