The Central Board of Direct Taxes (CBDT) has issued a Guidance Note in the form of Frequently Asked Questions (FAQs) on the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024. It is clarified that the DTVSV scheme is not applicable in following cases:
- Relating to an assessment year in respect of which prosecution has been instituted on or before the date of filing of declaration.
- Relating to any undisclosed income from a source located outside India or undisclosed asset located outside India.
- Relating to an assessment or reassessment made on the basis of information received under an agreement, if it relates to any tax arrear.
