CBDT notifies date for direct tax dispute resolution

The Central Board of Direct Taxes (CBDT) has notified the rules for the Vivad se Vishwas 2.0 scheme, which aims to settle tax disputes pending as of July 22. The new scheme simplifies the process into four steps and offers reduced settlement amounts for declarations filed by December 31, 2024. Payments made after January 1, 2025, will be subject to higher rates.