Key Deadlines End

New Delhi: As April draws to a close, several important income tax-related deadlines are set to end on Wednesday, including the last date to apply under the ‘Vivad Se Vishwas’ scheme, the submission of Forms 15G and 15H at banks, and payment of TDS for the January-March quarter. The ‘Vivad Se Vishwas’ scheme, introduced by the government to reduce income tax-related litigation, will conclude on April 30.

This scheme allows taxpayers to declare their pending tax dues and settle disputes by paying only the principal amount of tax. If the taxpayer pays the specified tax amount, all associated penalties and interest will be waived, and the case will be considered resolved.

The 2024 version of the scheme aims to offer a simplified route to resolve old tax cases that are currently pending before courts or appellate authorities.