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.
Non issuance of notice u/s 143(2) for return filed u/s 148 even though belatedly, makes the assessment framed bad in…
Calculation of functional disability depends on assessing the victim’s earning capacity in the open, competitive market – Supreme Court In…
Appeal against every decision of ITAT shall lie only before the High Court within whose jurisdiction the Assessing Officer who…
Supreme Court recommends action against Commissioner of Customs who relied upon non-existent AI generated case laws. Supreme Court recommends action…
ITAT power to pass such orders "as it thinks fit" implies a judicial discretion to be exercised within the parameters…
Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…