Re: time limit and procedure form 4

Is there a time limit for online submission of Form 4, after receipt of form 3,. Also what is the process of obtaining proof of withdrawal incase case is pending with CIT (A). ?

It is desirable to make the payment before 31 st March  2021.   As per section 4(2) of VSV Act, 2020, Appeal before the CIT(A) is deemed to be withdrawn when certificate under section 5(1) of VSV Act, i.e., Form 3, is issued. The assessee can   write to the CIT (A), enclosing the payment made under Vsv Act.  The CIT (A) will pass the consequential order.

 

 

---