The Central Board of Direct Taxes (CBDT) has fixed the last date for filing the declaration under the Direct Tax Vivad se Vishwas Scheme, 2024.
Under this, taxpayers have been given time till 30 April 2025. According to the circular of CBDT, this declaration has to be made to the designated authority.
Vivaad se Vishwas Scheme is a government scheme aimed at resolving disputes between taxpayers and the Income Tax Department. This scheme gives taxpayers an opportunity to settle old tax disputes and get rid of all kinds of legal hassles.
The information regarding the last date of the Dispute to Trust Scheme was shared by Income Tax India on its X (formerly Twitter) handle.
CBDT notifies 30.04.2025 as the last date, on or before which a declaration in respect of tax arrears can be filed by the declarants to the designated authority under the Direct Tax Vivad se Vishwas Scheme, 2024.
Notification S.O. 1650(E) dated 08.04.2025 has been published in… pic.twitter.com/nrKx2QWuod
— Income Tax India (@IncomeTaxIndia) April 9, 2025
This Vivaad se Vishwas Scheme is also known as VSV 2.0, which has started from 1 October 2024. Under this, you can settle pending tax cases till 22 July 2024. With the help of this scheme, the government wants to reduce the cases stuck in disputes. Let us tell you that about Rs 30 lakh crore is stuck in disputed income tax cases.
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