DTVSV 2024 – Form 1 is now available!
Form 1 under the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024) is now live for taxpayers. This scheme allows taxpayers to settle any pending direct tax disputes easily. You can now file your declaration under the scheme.
Who should use this?
Any taxpayer involved in a tax dispute with the Income Tax department who wants to settle the issue amicably.
Purpose: This form enables taxpayers to file a declaration under the Direct Tax Vivad Se Vishwas Rules, 2024.
Available on the Portal: Head to the Income Tax portal and access Form 1 (DTVSV 2024) for filing your declaration under sub-section (1) and the necessary undertaking under sub-section (4) of Section 91 of the Act.
Why This Matters? The Vivad Se Vishwas scheme aims to reduce litigation and disputes related to direct taxes by offering a more straightforward resolution mechanism. This update is crucial for businesses and individuals who have pending tax cases and are looking for a faster resolution.
Be proactive—get ahead by filing early to benefit from the scheme!
To File
Simply go to the Income Tax Portal and click on Form 1 of DTVSV 2024 under the relevant section. For those without any source of income dependencies, this is especially useful as Source of Income is not relevant for DTVSV 2024.