Income Tax Alert - LAST DATE for payment under Vivad se Vishwas Act EXTENDED - CBDT takes step because of THIS REASON
Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as Vivad se Vishwas Act), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act, this release said
Central Board of Direct Taxes (CBDT) today extended the last date of payment of the amount under the Vivad se Vishwas Act 2020 till 31 October, a government release said. The same has been tweeted by the Income Tax Department on its official Twitter handle @IncomeTaxIndia.
“Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act,” this release said.
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The last date has been extended from 31 August which was set by the CBDT for the payment of the amount under The Direct Tax Vivad se Vishwas Act 2020.
The tax department has earlier set this date for 31 August 2021 through its notification dated 25 June 2021. The payment can be made with payment of any additional amount, the government notification said.
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The decision has been taken in light of the difficulties being faced in issuing and amending Form 3, the release said.
“Considering the difficulties being faced in issuing and amending Form no 3, which is a prerequisite for making payment by the declarant under Vivad se Vishwas Act, it has been decided to extend the last date of payment of the amount (without any additional amount) to 30th September, 2021. Necessary notification to this effect shall be issued shortly,” it further said.
It is, however, clarified that there is no proposal to change the last date for payment of the amount (with additional amount) under Vivad se Vishwas Act, which remains as 31st October, 2021, the release said.
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