The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has officially notified April 30, 2025 as the last date to file a declaration under the Direct Tax Vivad se Vishwas Scheme, 2024. This declaration must be submitted to the designated authority in accordance with Section 90 of the Finance (No. 2) Act, 2024.
The announcement was made via Notification S.O. 1650(E), dated April 8, 2025, exercising powers granted under clause (l) of sub-section (1) of section 89 of the Act. The scheme aims to resolve pending direct tax disputes by allowing taxpayers to settle their tax arrears in a simplified and dispute-free manner.
What Taxpayers Need to Know
- Deadline: April 30, 2025
- Applicable Law: Section 90 of the Finance (No. 2) Act, 2024
- Designated Authority: Declaration must be submitted to the designated authority specified under the Act
- Purpose: To provide a one-time opportunity to settle tax disputes without litigation
The move is part of the government's broader initiative to reduce tax litigation and improve ease of doing business in India. By offering a clear deadline, the CBDT intends to streamline the resolution process for tax arrears.
Taxpayers with pending disputes are advised to take immediate action to avail the benefits of the Vivad se Vishwas Scheme, 2024, and avoid further interest or penalties.
Official copy of the notification
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