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The Income Tax Department has recently issued a set of frequently asked questions (FAQs) regarding the Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024. This scheme, introduced in the 2024 Budget, offers taxpayers an opportunity to settle pending income tax disputes. Taxpayers can resolve their disputes by paying the disputed tax amount along with an additional specified percentage, while the department waives off all interest and penalties.
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