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Informative

CBDT issues Procedure for Declaration and furnishing Undertaking for Direct Tax Vivad Se Vishwas Rules, 2024

Update / Judgement Date

03 Oct 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The Central Board of Direct Taxes (CBDT) has issued detailed procedures under the Vivad Se Vishwas scheme to help taxpayers settle pending direct tax disputes. The rules cover the filing of declarations, furnishing of undertakings, and compliance with settlement terms. This scheme aims to reduce litigation and facilitate the expeditious resolution of tax disputes, offering relief to taxpayers and easing the administrative burden on tax authorities.