Direct Tax Vivad se Vishwas scheme 2024 (VSV 2.0) operational from October 1 to reduce income tax litigations.

In July, while presenting the Annual Budget 2024-25, finance minister Nirmala Sitharaman announced the scheme for resolution of income tax disputes pending appeal

India's Income Tax Department launches Vivad Se Vishwas 2.0, offering reduced settlement amounts for tax disputes resolved by December 31, 2024. Learn more about the scheme and its benefits.

Though the scheme's operational date has been announced, the final date for the scheme is yet to be determined

The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0.

The Vivad se Vishwas scheme will come into effect from October 1, giving taxpayers a chance to resolve certain ongoing tax litigation cases.

This scheme will be applicable for appeals filed before Commissioner (Appeals), Dispute Resolution Panel (DRP), Income Tax Appellate Tribunal (ITAT), High Court and Supreme Court. This scheme will be operational from October 1,