The Income Tax Department has extended the deadline for the Vivad Se Vishwas Scheme 2024 from December 31, 2024, to January 31, 2025. This extension provides significant relief to taxpayers who are yet to apply, as they will avoid a 10% additional tax penalty that would have applied after the original deadline. The scheme allows taxpayers to settle ongoing disputes by paying a reduced amount of tax. Income Tax Relief for Salaried Employees: Will Nirmala Sitharaman Cut Tax Rates for Those Earning up to INR 15 Lakh in Union Budget 2025?

Income Tax Relief for Taxpayers as CBDT Extends Vivad Se Vishwas Scheme 2024 Deadline

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