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Taxpayers must submit their declarations to the designated authority by this date to settle pending tax arrears.
The notification was issued on April 8, 2025, and is available on the official Gazette portal.
The Income Tax Department shared the update on social media platform X, confirming the deadline.
CBDT notifies 30.04.2025 as the last date, on or before which a declaration in respect of tax arrears can be filed by the declarants to the designated authority under the Direct Tax Vivad se Vishwas Scheme, 2024.
Notification S.O. 1650(E) dated 08.04.2025 has been published in… pic.twitter.com/nrKx2QWuod— Income Tax India (@IncomeTaxIndia) April 9, 2025
The scheme, also known as VSV 2.0, came into effect on October 1, 2024. It aims to reduce litigation by allowing taxpayers to resolve disputes pending as of July 22, 2024, before various appellate authorities—including CIT(A), ITAT, High Courts, and the Supreme Court.
Declarations must be filed under Section 90 of the Finance (No. 2) Act, 2024.
The CBDT said it launched VSV 2.0 based on the success of the 2020 edition, which helped clear pending appeals and brought in significant revenue.
The new scheme focuses on speeding up the disposal of appeals and reducing the burden on the appellate system.
First Published: Apr 9, 2025 3:35 PM IST
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