Declarant Must Pay Amount and Notify Designated Authority Within 15 Days Under Section 5(2) of Vivad Se Vishwas Act.
Section 5(2) of the Direct Tax Vivad Se Vishwas Act, 2020, mandates that a declarant must pay the amount determined by the Designated Authority (DA) within 15 days of receiving the certificate. Additionally, the declarant is required to inform the DA about the payment details within the same period using the prescribed form. Upon receiving this information, the DA will issue an order confirming the payment by the declarant.
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