CBDT Extends Date Under Section 3 of the Vivad Se Vishwas Act to October 31, 2021

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.

As per the latest notification dated 25^th June 2021, the last date of payment of the amount (without any additional amount) has been notified as 31^st August 2021. Further the last date for payment of the amount (with additional amount) under Vivad se Vishwas Act has been notified as 31^st October, 2021. CBDT Extends Due Dates for E-Filing of Tax Forms After Taxpayers, Stakeholders Report Difficulties.

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 30^th September, 2021. Necessary notification to this effect shall be issued shortly.

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 31^st October, 2021.

(The above story first appeared on LatestLY on Aug 29, 2021 04:24 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).