Budget proposes steps to reduce litigation, 'Vivad Se Vishwas' scheme 2.0 in offing

Budget 2024-25 proposes 'Vivad Se Vishwas' scheme 2.0, reduces reassessment limit to 5 years, and increases appeal thresholds. Changes to Income Tax Act aim to simplify tax processes and reduce litigation. Government focuses on improving taxpayer services and enhancing revenues.