The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has officially notified April 30, 2025 as the final deadline for filing declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.
What is the Vivad se Vishwas Scheme?
The Vivad se Vishwas (VSV) Scheme, 2024 is a dispute resolution framework aimed at reducing pending income tax litigation. It allows taxpayers to settle direct tax disputes by paying only the disputed tax amount, while the interest and penalties are waived.
Key Highlights:
- Deadline: April 30, 2025
- Applicable To: Pending appeals or writs as on January 31, 2024
- Waiver: Full waiver of interest and penalties if the disputed tax is paid
- Authority: Declarations must be submitted to the designated Principal Commissioner of Income Tax (PCIT)
What You Should Do
Taxpayers with pending disputes are encouraged to:
- Review eligible cases under appeal
- Calculate tax payable under the VSV calculator
- File Form-1 (declaration) before the due date
- Avoid last-minute rush or portal issues
Conclusion
This is likely the last opportunity to settle long-standing tax disputes without the burden of interest and penalties. With no indication of an extension, taxpayers should act swiftly to avoid losing out on this benefit.
For declaration forms and instructions, visit the Income Tax India portal.
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