Direct Tax Vivad Se Vishwas Scheme 2024: CBDT Notifies Last Date For Declaration Of Tax Arrears

The Central Board of Direct Taxes (CBDT) notified the last for the declaration of tax arrears under its Direct Tax Vivad se Vishwas Scheme, 2024. The scheme is run by the Income Tax Department and aims to reduce income tax litigation.

The CBDT, as per an official notification issued on April 8, 2025, has declared April 30 as the last date for the declaration of tax arrears under the Direct Tax Vivaad se Vishwas Scheme which was re-introduced in Budget 2024.

This scheme allows taxpayers to settle their pending writs, petitions, and appeals before appellate authorities, including the Supreme Court and High Courts as of July 22, 2024.

The notification noted:

“In exercise of the powers conferred by clause (l) of sub-section (1) of section 89 of the Finance (No. 2) Act, 2024 (15 of 2024), the Central Government hereby notifies under the Direct Tax Vivad se Vishwas Scheme, 2024, the 30th day of April 2025 as the last date, on or before which a declaration in respect of tax arrear shall be filed by the declarant to the designated authority, in accordance with the provisions of section 90 of the said Act.”

More About Direct Tax Vivad se Vishwas scheme

The government initiated the second edition of this scheme (VSV 2.0) starting October 1, 2024. The scheme was officially notified in the Union Budget 2024-25 for the fiscal year FY-2025.

Any taxpayer who opts for this scheme would also pay the specified percentage of the disputed tax, pursuant to interest, penalty and prosecution provisions would be waived. In case the disputes are only related to interest, penalty or fee, a reduced percentage of the same needs to be paid under the scheme.

Who Can Avail Of This Scheme?

1) Taxpayers who have any appeal pending before CIT(A), ITAT, or legal authorities like SC or HCs, including Special Leave Petition (SLP) - filed either by the assessee or the income tax authority.

2) Taxpayers, in whose case any objection before the DRP is pending or the directions have been issued by the DRP but no official order has been passed by the assessment officer, as per the specified date.

3) Taxpayers, in whose case the revision application under section 264 of the Income-tax Act is pending before PCIT/CIT, as on the specified date.