Govt notifies Vivad se Vishwas forms and rules; deadline extension expected

With 13 days to avail full benefit of direct tax dispute resolution scheme- Vivad se Vishwas, the government has notified the much awaited forms and rules on Thursday. The facility for online filing of such forms on the portal was also subsequently enabled by the income tax department.

The income tax department notified a 5-stage process of making declaration under the Scheme, with as many as five forms released.

However, experts pointed out an anomaly in rules, where a time frame of 30 days has been provided to make tax payment since determination of tax liability as against 15 days