Govt. notifies December 31st as the cut-off date for filing declaration under the Vivad se Vishwas Act, 2020; Also, extends timeline from December 31st, 2020 to March 31st, 2021 for making payment without additional amount.

MINISTRY OF FINANCE
(Department of Revenue)
New Delhi

Notification No. 85/2020-Income Tax

Dated: 27th October, 2020

S.O. 3847(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby notifies that the,

(a) 31st day of December, 2020 shall be the date, on or before which a declaration shall be filed to the designated authority, by the declarant, in accordance with the provisions of section 4 of the said Act in respect of tax arrear;

(b) 31st day of March, 2021 shall be the date on or before which the amount payable under the said Act shall be paid as per third column of the Table to section 3 of the said Act; and

(c) 1st  day of April, 2021 shall be the date on or after which the amount payable under the said Act shall be paid as per fourth column of the Table to section 3 of the said Act.

2. This notification shall come into force from the date of its publication in the Official Gazette.

[Notification No. 85/2020, F. No. IT(A)/1/2020-TPL]

ANKUR GOYAL, Under Secy.

More Under Income Tax

2 Comments

  1. christopher alexander says:

    Respected Sir,
    We have paid tax by Composition basis (once in 3 months).In some cases we have transferred to monthly payment of tax from composition basis,in middle of the year.
    In that cases,we request you to kindly waive the Intrest Payable and and Gstr 3b late fees

    Thanking you

    1. lakshmi says:

      Dear Sir,

      We understand all the details but it is unfortunate to know that everything is ok for us but interest payable is higher than the tax payable and late fee.We require you to please wave off the interest payable.Please note that we are ready to pay the tax and late fee of Rs.500 per quarter.

      Thanking you,

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