Section 5 of DTVSV Act, 2020 : Section 5: Time And Manner Of Payment
DTVSV Act, 2020
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Explanation using Example
Imagine a scenario where ABC Corp. has a long-standing tax dispute with the Indian tax authorities regarding certain tax arrears. The dispute has been dragging on for years with no resolution in sight. The company decides to take advantage of The Direct Tax Vivad se Vishwas Act, 2020, to settle the dispute.
ABC Corp. submits a declaration under the Act to the designated authority, detailing their tax arrears and expressing their intention to settle. Within fifteen days, the designated authority reviews the declaration and issues an order to ABC Corp. ...
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