CBDT Specifies Procedures for Making Declarations and Furnishing Undertakings in Form-1 Under Vivad Se Vishwas
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- Last Updated on 4 October, 2024
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Notification No. 4 of 2024, 30-09-2024
The Central Board of Direct Taxes (CBDT) has prescribed the procedure for making declarations and furnishing undertakings in Form-1 under Rule 4 of The Direct Tax Vivad SeVishwas Rules, 2024. The notification provides the procedure for online filing, preparation, and submission of Form 1 to the designated authority.
a) Online Filing of Form 1:
All the declarants filing declaration under section 91(1) of The Direct Tax Vivad Se Vishwas Scheme, 2024 are required to file the declaration and undertaking in Form-1 online on the e-Filing portal of the Department: https://www.incometax.gov.in. Form-1 shall be furnished electronically under a digital signature if the return of income is required to be furnished under a digital signature or, in other cases, through electronic verification code.
b) Preparation and submission of Form -1:
Form-1 shall be available for the declarant to enter and prepare data online after logging into the Department’s e-Filing portal. A link for filing the Form-1 has been provided under the e-Filing Portal: https://www.incometax.gov.in-> Login -> e-File -> Income Tax Forms -> File Income Tax Forms -> Select “Persons not dependent on any source of Income (Source of Income not relevant)” -> Vivad Se Vishwas Scheme, 2024(Form 1 DTVSV 2024)
Form -1 contains specific schedules, and the declarants must fill out the relevant schedules and tables under the schedules with validations for the proper submission of the declaration. A Digital Signature Certificate or Electronic Verification Code is mandatory to submit the Form. The acknowledgement number for the submission of the declaration shall be generated electronically.
Click Here To Read The Full Notification
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