CBDT Issues Important Procedure for Declaration and Undertaking under Vivad Se Vishwas Rules, 2024

The Central Board of Direct Taxes (CBDT) has issued a key notification detailing the procedure for making a declaration and furnishing an undertaking in Form-1 under Rule 4 of the Direct Tax Vivad Se Vishwas Rules, 2024. This procedure was outlined through Notification No. 4 of 2024, dated September 30, 2024, by the Directorate of Income Tax (Systems), Bengaluru.

This directive is essential for taxpayers seeking resolution of disputes under the Vivad Se Vishwas Scheme, ensuring compliance and providing clarity on the steps involved in submitting the required documentation for the scheme.

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