The Central Board of Direct Taxes vide Circular dated 28th October, 2020 has issued Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020. Under the existing provisions of sub-section (2) of section 5 of the Vivad se Vishwas, the declarant is required to pay the amount within a period of 15 days from the date of receipt of certificate from the designated authority. It is hereby clarified that where a declarant files a declaration under Vivad se Vishwas on or before 31st December, 2020, the designated authority, while issuing the certificate shall allow the declarant to make payment without additional amount on or before 31st March, 2021.
