CBDT issues FAQs on Direct Tax Vivad Se Vishwas Scheme, 2024
On 15 October 2024, in India, the Central Board of Direct Taxes issued a Guidance Note in the form of FAQs on the Direct Tax Vivad Se Vishwas Scheme, 2024.
Summary
On 15 October 2024, the Central Board of Direct Taxes (CBDT) issued a Guidance Note in the form of Frequently Asked Questions (FAQs) on the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, to clarify stakeholders' queries. The scheme, announced in the Union Budget 2024-25 to resolve pending income tax disputes, was enacted through the Finance (No. 2) Act, 2024 (sections 88 to 99).
Key facts
- Date
- 15 Oct 2024
- Issued by
- CBDT
- Document
- Guidance Note (FAQs)
- Scheme
- Direct Tax Vivad Se Vishwas Scheme, 2024
- Enacted by
- Finance (No. 2) Act, 2024, sections 88-99
- Aim
- Resolve pending income tax disputes
Practice MCQs 1 questions
The Direct Tax Vivad Se Vishwas Scheme, 2024, on which CBDT issued FAQs on 15 October 2024, was enacted through:
Show answer
Correct answer: A — The Finance (No. 2) Act, 2024
PIB, 15 Oct 2024: the DTVSV Scheme, 2024 was announced in the Union Budget 2024-25 and enacted through the Finance (No. 2) Act, 2024.