If you’re still caught up in a lingering income tax dispute, now is the time to act. The Vivad Se Vishwas Scheme—designed to help taxpayers settle cases without going through prolonged court battles—will officially end on April 30, 2025.
The scheme offers taxpayers an opportunity to resolve their pending income tax disputes amicably. It was launched with the goal of reducing litigation and allowing both taxpayers and the tax department to settle cases without further delay.
Taxpayers can submit a declaration for pending disputes under the scheme, and the entire process involves a series of structured forms to ensure transparency and closure.
Are You Eligible?
You can apply if your income tax dispute was pending as of July 22, 2024. This includes:
- Appeals, writ petitions, or special leave petitions filed by you or the tax department.
- Objections were filed with the Dispute Resolution Panel (DRP) where no direction was issued before the cut-off date.
- Cases where directions were issued by the DRP but the assessment wasn’t completed.
- Applications filed under Section 264 and still awaiting a decision.
What Disputes Can Be Settled?
The scheme strictly covers income tax-related disputes. It does not apply to disputes involving:
- Wealth tax
- Securities transaction tax (STT)
- Commodity transaction tax
If your case involves income tax issues, you’re good to go.
Forms You Need to Complete the Process
Here’s a quick breakdown of the required paperwork:
- Form 1 – The declaration and undertaking submitted by the taxpayer.
- Form 2 – Issued by the designated authority, confirming the particulars.
- Form 3 – Filed by the taxpayer after making the payment as proof of settlement.
- Form 4 – The final order confirming the dispute has been resolved.
The deadline to apply is April 30, 2025. With only a few days left, this is your final chance to put an end to your pending income tax issues—without legal hassle or extended delays.
Take this opportunity to close your tax chapter cleanly and confidently.
