Current Affairs - National - Discussion

The Vivad Se Vishwas Scheme, aimed at settling income tax disputes, has been extended by one month, setting the new deadline to January 31, 2025. This extension allows taxpayers additional time to avail of reduced settlement amounts, especially for those declared by the deadline. The scheme's tiered benefit structure incentivizes earlier declarations and encourages dispute resolution, making it a significant step in reducing litigation in India's tax framework.