Direct Tax Vivad Se Vishwas Scheme - Direct Tax Vivad Se Vishwas Scheme [Finance (No. 2) Act, 2024]

THE DIRECT TAX VIVAD SE VISHWAS SCHEME, 2024 Chapter: IV of Finance (No. 2) Act, 2024 The Chapter, inter alia, provides (a) the definitions of certain expressions relating to appellant , appellant forum , declarant , declaration , designated authority , disputed fee , disputed income , disputed interest , disputed penalty , disputed tax , last date , specified date and tax arrear ; (b) the provisions relating to the amount payable by the declarant; (c) the provisions relating to the particulars to be furnished in the form of declaration; (d) the provisions relating to the time and manner of payment of tax arrear; (e) the provisions relating to immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases; (f) the provisions of no refund of amount paid under the Scheme; (g) the provisions relating to benefit, concession or immunity not to apply in other proceedings; (h) the provisions relating to the Scheme not being applicable in certain cases; (i) the provisions relating to the power of the Central Board of Direct Taxes to issue directions; (j) the provisions relating to the power of the Central Government to remove difficulties in giving effect to the provisions of the said Scheme, 2024; and (k) the provisions relating to the power of the Central Government to make rules for carrying out the provisions of this Scheme. This Chapter will take effect from such date as the Central Government may notify. Chapter: IV of Finance (No. 2) Act, 2024