<h1>New Direct Tax Vivad Se Vishwas Scheme 2024 Offers Reduced Settlements for Pending Tax Disputes, Effective October 1.</h1> The Central Board of Direct Taxes (CBDT) has announced the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, effective from October 1, 2024, as part of the Union Budget 2024-25. This scheme aims to resolve pending income tax disputes by offering reduced settlement amounts, favoring new appellants and those filing declarations by December 31, 2024. Four forms have been introduced for declarations, certificates, payment intimations, and final settlements. Forms must be submitted electronically via the Income Tax Department's portal. The initiative is part of the government's strategy for managing litigation efficiently.