Direct Tax Vivad Se Vishwas Scheme, 2024 to come into force from 1st October, 2024
MINISTRY OF FINANCE
(Department Of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 103/2024
New Delhi, the 19th September, 2024
S.O. 4016(E).—In exercise of the powers conferred by sub-section (2) of section 88 of the Finance (No. 2) Act, 2024 (15 of 2024), the Central Government hereby appoints the 1st day of October, 2024 as the date on which the Direct Tax Vivad Se Vishwas Scheme, 2024 shall come into force.
[F.No.370142/17/2024-TPL]
SURBENDU THAKUR, Under Secy., TPL-IV
Direct Tax Vivad Se Vishwas Scheme, 2024 was given birth by the Finance Act (No. 2) of 2024. The Scheme provided immunity from initiation of proceedings in respect of offence and imposition of penalty where the assessee makes a declaration under the DTVSVS 2024 and pays the tax arrear compromising of disputed tax, interest chargeable or charged on such disputed tax and penalty leviable.
Also read: Government notifies Direct Tax Vivad se Vishwas Rules 2024.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…