Vivad se Vishwas 2024: April 30 Deadline for Tax Declarations
Why in the news
The tax board announced the closing date for the second dispute settlement scheme, which saw a muted response.
Key facts
- Covers: income-tax disputes at appellate levels, including the Supreme Court and high courts, pending on 22 July 2024.
- Live from: 1 October 2024; filing on the Income Tax Department e-filing portal.
Editions compared
| Edition | Pending as of | Participants |
|---|---|---|
| First (2020) | 31 January 2020 | 139,384 |
| Second (2024) | 22 July 2024 | 40,597 by 18 February |
Concerns
- Weak uptake points to low awareness.
- The one-time scheme offers cost-effective, litigation-free settlement.
Exam angle
- Authority: CBDT.
- Form: Form 1.