Vivad Se Vishwas Scheme

author portrait

Niyati Mistry

Income Tax
Tax Savings & Deductions
Vivad Se Vishwas
Last updated on December 1st, 2023

Note: The Vivad Se Vishwas Scheme has now been discontinued.

There are around 85% pending cases in India out of which 50% are sponsored only by the state government itself implying the Indian Judicial System is slow. To combat this issue the government comes up with schemes for faster resolutions of the pending cases. In FY 2019-20, the Income Tax Department launched the ‘Vivad Se Vishwas’ Scheme to resolve the pending cases.

Latest Extended Due Date

The deadline for filing a declaration under the direct tax dispute resolution scheme was last extended to 30th September 2021. After which the scheme has been discontinued.

What is Vivad Se Vishwas?

The scheme provides for the settlement of disputed tax, interest, penalty, or fees in relation to an assessment or reassessment order on payment of 100% of the disputed tax and 25% of the disputed penalty or interest or fee.

The taxpayer is granted immunity from levy of interest, penalty and institution of any proceeding for prosecution for any offence under the Income-tax Act in respect of matters covered in the declaration.

CBDT said it had received requests from taxpayers, tax consultants, and other stakeholders to extend time-barring dates in view of the severe COVID-19 pandemic raging unabated across the country.

Steps to File a Declaration under Vivad Se Vishwas

  1. Login to the Income Tax Portal

    Firstly, login to the portal and click on the Vivad se Vishwas option.

  2. Prepare and Submit DTVSV Form

    Select the year and the filing type.

  3. Fill out the Form

    Firstly, fill Form-1 correctly.
    Fill Form-2 as a final submission.
    File the required documents properly. File them with DSC or EVC accordingly.

FAQs

Can VSV form be revised?

It has been clarified in the CBDT Circular that, the Declaration in Form 1 can be revised any number of times, before the Designated Authority i.e. the PCCIT issues a Certificate of final tax amount payable.

Is the Vivad Se Vishwas scheme extended?

The Central Board of Direct Taxes (CBDT) further extended the due date for filing declarations under the scheme till 30th September 2021.

Got Questions? Ask Away!

  1. Hi @Aditya_s,

    You can here under the Vivad Se Vishwas scheme from the Income Tax E-filing account.
    Learn the step-by-step process here.

Continue the conversation on TaxQ&A

1 more reply

Participants

Avatar for TeamQuicko Avatar for Nireka Avatar for Aditya_s