Home Circulars & Notifications CBDT Extends The Due Date Of Compliances Under Direct Tax Vivad Se...

CBDT Extends The Due Date Of Compliances Under Direct Tax Vivad Se Vishwas Act

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The Central Board of Direct Taxes (CBDT) on Tuesday has extended the deadline for making payment under Direct Tax Vivad se Vishwas Act, 2020 by two months till 30th June 2021 amid COVID pandemic.

The payment date of the amount of the disputed tax with 10% additional amount has been extended till 1st July 2021.

The Vivad Se Vishwas scheme provides for settlement of disputed tax, disputed interest, disputed penalty or disputed fees in relation to an assessment or reassessment order. The dispute is settled on payment of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.

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