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Query asked by PARAS CHHAJED on March 3, 2021

Re: Revision of Form 1 & 2

I have filed a declaration under Vivad se Vishwas Scheme and Form 3 was issued. While filing the form 1 tax due was mentioned as per the assessment order in which credit for TCS was not given. Subsequently, tax demand was revised giving credit for TCS, so the tax payable is reduced for that I wanted to file a revised declaration but when tried to revise the message is Form 3 is issued the revision is not allowed. What to do now ?

Please refer    CBDT  Circular No 21  / 2020 dt 4 -12 -2020 ,  Q. No. 89 and answer given by the CBDT  . As per the clarification issued by the CBDT  ,Declaration filed by the assesseee  can be revised any number of times before the DA issues a certificate under section 5(1) of Vivad se. Vishwas .  It may be desirable to file  a revised declaration .  In case the system is not accepting the revised Declaration the assessee is adviced  to approach the Designated Authority.

 


 

One comment on “Revision of Form 1 & 2
  1. CA. Ujjwala Gupta says:

    Hi sir, but as mentioned in the query FORM- 3 is issued by the DA, is there any other way out ?

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