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Income Tax: Last 9 days left before Vivad Se Vishwas scheme comes to an end

Income Tax: Last 9 days left before Vivad Se Vishwas scheme comes to an end

Mint21-04-2025
Vivad se Vishwas Scheme, meant to reduce pending income tax litigation, among other things, will finally close on April 30. Broadly, this is a dispute resolution mechanism in respect of pending income tax litigation for taxpayers.
The income tax department promises peace of mind to taxpayers, certainty and savings on account of time and resources which would otherwise be exhausted on the long-drawn court process.
These are some of the key things to know.
(i) a person in whose case an appeal or a writ petition (WP) or special leave petition (SIP) has been filed either by him or by the income-tax authority or by both, before an appellate forum and such appeal or petition is pending as on the specified date i.e. July 22, last year.
ii) A person who has filed his objection before the dispute resolution panel and it has not issued any direction on or before July 22.
iii) A person in whose case the DRP has issued directions under section 144C(5) of the Act and the assessing officer has not completed the assessment.
iv) A person who has filed an application for revision under section 264 of the Act and this application is pending before July 22
Form-l : This is the form for filing declaration and undertaking by the declarant; Form-2: It is the form for certificate to be issued by designated authority; Form-3: It is meant for intimation of payment by the declarant; and form-4: This is the order for full and final settlement of tax arrears by designated authority.
All the income tax appeals which are outstanding as on July 22, 2024, will be qualified for Vivad Se Vishwas Scheme 2024 whether they are withdrawn or disposed of or not.
No, only the disputes relating to income tax are covered.
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First Published: 21 Apr 2025, 03:50 PM IST
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About the Author Karishma Jain Karishma Jain, Chief Sub Editor at writes and edits opinion pieces on a variety of subjects, including Indian politics and policy, culture and the arts, technology and social change. Follow her @ More Click here to add News18 as your preferred news source on Google. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! tags : online gaming ban Online gaming industry in India view comments Location : New Delhi, India, India First Published: August 20, 2025, 14:11 IST News india What Is The Online Gaming Bill? Inside The Blanket Ban, Big Exemptions, And Industry Fallout Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. 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