India: CBDT issues additional guidance on Direct Tax Vivad se Vishwas Scheme

20 December, 2024

The Central Board of Direct Taxes (CBDT) of India has released Circular No. 19 of 2024, offering additional guidance on the Direct Tax Vivad se Vishwas (DTVSV) Scheme 2024, which came into effect on 1 October 2024.

This provides further guidance on case eligibility, including appeals that have been set aside and cases where prosecution proceedings have not been initiated.

It also covers the computation of payable amounts, disputed penalties, APA/MAP cases, taxes paid prior to filing declarations, TDS-related queries, and other miscellaneous matters.

Earlier, India’s Central Board of Direct Taxes (CBDT) published a guidance, Circular No. 12 of 2024, on Direct Tax Vivad se Vishwas (DTVSV) Scheme 2024 on 15 October 2024, which was introduced in the 2024 Budget to resolve tax disputes and reduce litigation backlogs.

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