Income Tax: Income Tax Department has issued a deadline for these taxpayers, are you included in it?

The Central Board of Direct Taxes (CBDT) has fixed the deadline for filing the declaration for the Direct Tax Dispute to Vishwas Scheme 2024. If you are also a taxpayer and fall under the purview of this scheme, then you should file your declaration by 30 April 2025. CBDT has issued a circular regarding this deadline.

What is Dispute to Vishwas Scheme

CBDT has started the Dispute to Vishwas Scheme for the convenience of taxpayers, it is a government scheme, in which the ongoing disputes between the Income Tax Department and taxpayers will be resolved. In this scheme, taxpayers get a chance to settle their old tax disputes and avoid all kinds of legal maneuvers. By doing this, the Income Tax Department does not take any legal action against the taxpayers.

Information about the last date of the Dispute to Vishwas Scheme was shared by Income Tax India on its X (formerly Twitter) handle.

The scheme is also known as VSV 2.0

Vivaad se Vishwas Scheme is also known as VSV 2.0. This scheme was started on 1 October 2024, under which you can settle tax pending cases till 22 July 2024. With the help of this scheme, taxpayers stuck in income tax-related disputes get relief. Let us tell you that at present, income tax disputes worth about Rs 30 lakh crore are stuck across the country.

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