Deadline Alert: CBDT Sets April 30 as Last Day for Vivad se Vishwas Declarations [Read Notification]

The Ministry of Finance, through Notification No. S.O. 1650(E) dated April 8, 2025, has officially announced that April 30, 2025, will be the last date for filing declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.

The notification, issued under the powers granted by Section 89(1)(l) of the Finance (No. 2) Act, 2024, notifies the deadline for taxpayers to avail benefits under the scheme, which aims to resolve long-pending income tax disputes. Taxpayers intending to settle their tax arrears under the scheme must file their declarations with the designated authority as per the provisions of Section 90 of the Income Tax Act.

Expert-Led PF & ESIC Course - Enroll Now & Get Certified

Read More: Govt Clarifies Customs Duty and Classification of Interactive Flat Panel Displays and Other Monitors [Read Circular]

The Vivad se Vishwas Scheme, 2024, is a continuation of the government's efforts to reduce tax litigation and unlock revenue held up in appeals and arbitration. It offers a one-time settlement window, allowing taxpayers to clear their disputes by paying the due tax and receiving a waiver of interest and penalties, depending on the nature and stage of the dispute.

Eligible declarants include those with pending appeals, writ petitions, SLPs, and arbitration cases as of the cut-off date. The scheme is designed to streamline tax resolution and reduce the burden on judicial and quasi-judicial authorities, while offering taxpayers an easy and transparent exit from litigation.

To Read the full text of the Notification CLICK HERE

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates