E-Settlement Scheme 2021

The Central Board of Direct Taxes (CBDT) has introduced the e-Settlement Scheme for settlement of tax disputes involving small taxpayers to be processed entirely electronically.

Salient Features

Applicability

  • It will apply to “pending applications in respect of which the applicant has not exercised the option under sub-section (1) of Section 245M of the Income-tax Act and which has been allotted or transferred by Central Board of Direct Taxes to an interim board”.

Eligible Taxpayer

  • The relief under the e-Settlement Scheme was given to taxpayers who were eligible to apply as of January 31, 2021, but could not ....
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