According to Circular No. 20/2024, the Central Board of Direct Taxes (CBDT) has extended the deadline for computation and payment under the Vivad Se Vishwas Scheme, 2024, from December 31, 2024, to January 31, 2025. This program gives taxpayers a hassle-free option to settle outstanding cases while attempting to swiftly address direct tax disputes. The extension gives taxpayers more time to figure out their obligations, collect the required paperwork, and finish payments without worrying about the final minute. This action demonstrates the government's dedication to creating an environment that is favorable to taxpayers while increasing tax collection and compliance. To guarantee seamless compliance, taxpayers are urged to utilize this extension.

The Central Board of Direct Taxes (CBDT) has extended the deadline for trusts and charities to file their audit reports (Form 10B/10BB) until November 10, 2024. This extension provides relief to organizations struggling to meet the original deadline of October 31, 2023.

Good news for TDS/TCS deductors! The deadline for linking PAN with Aadhaar has been extended until May 31st, 2024. This extension provides relief and ensures compliance with tax regulations. Stay informed and avoid penalties by understanding the implications of this extended deadline