The Central Board of Direct Taxes (CBDT) on Friday further extended the due date for filing declaration under the 'Vivad Se Vishwas' (VSV) scheme till 31 March, 2021. As per a CBDT's notification, the date for payment of tax without additional interest under VSV remains unchanged at 30 April, 2021. "CBDT further extends the date for filing of declarations under the #VivadSeVishwas Act, 2020 to 31st March, 2021.Notification no. Date for payment without additional amount under VSV extended to 30th April, 2021," the Income Tax department said in a tweet late Friday. As many as 1,25,144 cases have so far opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora.

Source: Mint February 26, 2021 17:04 UTC