Extension of Deadline for Vivad Se Vishwas Scheme: Key Updates for Taxpayers π Circular Link Given Below π Circular No. 20/2024 PDF π Extension of Deadline for Vivad Se Vishwas Scheme: Key Updates for Taxpayers The Central Board of Direct Taxes (CBDT) has extended the deadline for taxpayers participating in the Vivad Se Vishwas Scheme (VSV). Initially set for December 31, 2024, the new deadline is now January 31, 2025. This extension provides taxpayers additional time to determine and pay the specified amounts outlined in the scheme's framework. Overview of the Vivad Se Vishwas Scheme Announced during the Union Budget 2024 by Finance Minister Nirmala Sitharaman, the VSV scheme aims to resolve disputes between taxpayers and the Income Tax Department. It allows taxpayers to: Settle their outstanding tax liabilities by paying th...