+
Direct Tax Vivad Se Vishwas Scheme to be operational from Oct 1
ECONOMY & POLICY

Direct Tax Vivad Se Vishwas Scheme to be operational from Oct 1

The Direct Tax Vivad Se Vishwas Scheme 2024 is set to become operational from October 1. This scheme aims to resolve pending disputes related to direct taxes, providing a one-time opportunity for taxpayers to settle their issues without facing prolonged litigation.

Under the scheme, eligible taxpayers will be able to avail themselves of reduced penalties and interest rates, encouraging quicker resolutions. The initiative is part of the government’s ongoing efforts to simplify tax compliance and reduce the backlog of disputes in the tax system.

Officials emphasized that the scheme will enhance transparency and facilitate a smoother tax process for individuals and businesses alike.

The Direct Tax Vivad Se Vishwas Scheme 2024 is set to become operational from October 1. This scheme aims to resolve pending disputes related to direct taxes, providing a one-time opportunity for taxpayers to settle their issues without facing prolonged litigation. Under the scheme, eligible taxpayers will be able to avail themselves of reduced penalties and interest rates, encouraging quicker resolutions. The initiative is part of the government’s ongoing efforts to simplify tax compliance and reduce the backlog of disputes in the tax system. Officials emphasized that the scheme will enhance transparency and facilitate a smoother tax process for individuals and businesses alike.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

NHAI Tightens AI-Machine Construction Norms

New Delhi: The National Highways Authority of India (NHAI) has significantly tightened its framework for Automated and Intelligent Machine-Aided Construction (AI-MC), introducing provisions that could directly affect contractor payments, equipment deployment and digital ownership of highway project data.Under Policy Circular No. 11.109/2026 dated August 28, 2026, mandatory AI-MC deployment has been rationalised to highway projects with a continuous length exceeding 20 km and an EPC/civil construction cost above Rs 5 billion. Standalone bridges, ROBs, tunnels, short bypasses below 10 km and str..

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code