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News INCOME TAX

  • Oct 28, 2020
  • Vivad Se Vishwas scheme: Payment deadline extended

    The government on Tuesday extended for the third time the deadline for making payment under the direct tax dispute settlement scheme 'Vivad Se Vishwas' by three months to March 31, 2021.

    As per a Central Board of Direct Taxes (CBDT) notification, declaration under the Vivad se Vishwas Scheme shall be required to be furnished latest by December 31, 2020.

    However, only in respect of the said declarations made, the payment without additional amount can now be made up to March 31, 2021.

    "In order to provide further relief to the taxpayers desirous of settling disputes under Vivad se Vishwas Scheme, the Government today further extended the date for making payment without additional amount from 31st December 2020 to 31st March 2021.