CBDT Specifies Procedures for Making Declarations and Furnishing Undertakings in Form-1 Under Vivad Se Vishwas

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.

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