Vivad Se Vishwas Scheme Deadline Extended Till Jan 31
The Vivad Se Vishwas Scheme, an initiative by the Government of India, helps taxpayers amicably settle disputes with the income tax department. The scheme’s deadline has been extended to January 31, 2025, allowing taxpayers additional time to calculate amounts payable and submit required documentation. Taxpayers pay disputed amounts with specific percentages to avoid prolonged legal proceedings. The scheme benefits taxpayers through simplified resolution processes, classified into New and Old Appellants with distinct payment rates. The CBDT oversees the scheme, ensuring smoother participation while aligning with India’s objectives to enhance tax compliance.
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