The Central Board of Direct Taxes (CBDT) has extended the deadline for taxpayers to determine the amount payable under the Direct Tax Vivad Se Vishwas Scheme, 2024. The new deadline is now January 31, 2025, offering an additional month to benefit from the scheme. Declarations filed by this new date will be calculated according to column (3) of the scheme's table, while those filed from February 1, 2025, onwards will be subject to column (4), potentially impacting the final payable amount.
In a significant relief for taxpayers, the Central Board of Direct Taxes (CBDT), through Circular No. 20/2024 dated December 30, 2024, has extended the due date for determining the payable amount under column (3) of the Table in section 90 of the Direct Tax Vivad Se Vishwas Scheme, 2024. The new deadline is now January 31, 2025, providing an additional month for taxpayers to avail the benefits of the scheme.
The Central Board of Direct Taxes (CBDT), in exercise of its powers under sub-section
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FAQ :
The deadline has been extended to January 31, 2025.
The Central Board of Direct Taxes (CBDT) has extended the deadline.
The previous deadline was December 31, 2024.
Declarations filed on or before January 31, 2025, will be determined as per column (3) of the Table. Declarations filed on or after February 1, 2025, will be determined as per column (4) of the Table, which may alter the payable amount.
The extension is based on CBDT Circular No. 20/2024 dated December 30, 2024.