The Central Board of Direct Taxes on 27th April 2021 has extended the timelimit for making payment of amount payable under the Direct Tax Vivad se Vishwas Act, 2020 by two months till 30th June 2021 due to COVID pandemic.
Further 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, interest, penalty or fees in relation to an assessment or reassessment order on payment of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.
