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​Vivad Se Vishwas Deadline Extended to 2025

  • 31 Dec 2024

On 30th December, 2024, the Central Board of Direct Taxes (CBDT)has extended the Vivad Se Vishwas Scheme deadline from December 31, 2024, to January 31, 2025, granting taxpayers more time for compliance.

  • The Central Board of Direct Taxes announced the deadline extension for the Vivad Se Vishwas Scheme.
  • This extension provides taxpayers additional time to calculate and settle amounts payable under the scheme.
  • Union Finance Minister Nirmala Sitharaman introduced the Vivad Se Vishwas Scheme in the 2024 Budget.
  • The scheme aims to help taxpayers resolve disputes with the income tax department efficiently.
  • Taxpayers can settle their outstanding liabilities by paying the disputed amount along with a specified percentage.
  • The initiative seeks to reduce litigation and promote faster resolution of tax-related issues.