Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
Had the deadline not been extended, taxpayers filing after December 31, 2024, would have been required to pay an additional 10% tax.
From February 1, 2025, taxpayers applying for the scheme will need to pay extra charges as per revised rates.
Revised payment terms
The amount payable varies depending on the nature of tax arrears and whether the taxpayer is a new or old appellant:
| Nature of Tax Arrears | Before January 31, 2025 | From February 1, 2025 |
| Disputed tax, interest, penalty (New appellant) | 100% of disputed tax | 110% of disputed tax |
| Disputed tax, interest, penalty (Old appellant) | 110% of disputed tax | 120% of disputed tax |
| Disputed interest/penalty/fee (New appellant) | 25% of disputed amount | 30% of disputed amount |
| Disputed interest/penalty/fee (Old appellant) | 30% of disputed amount | 35% of disputed amount |
What this means for taxpayers
Taxpayers filing declarations before January 31, 2025, will benefit from lower settlement amounts.
However, those filing from February 1, 2025, onwards will incur additional charges.
The Vivad Se Vishwas 2.0 is designed to reduce litigation and settle around 2.7 crore direct tax disputes totaling approximately ₹35 lakh crore.
Eligibility
If you have any pending income tax disputes or appeals as of July 22, 2024, you can participate in this scheme.
This includes:
- Cases in the Supreme Court, high courts, Income Tax Appellate Tribunal (ITAT), and Commissioner/Joint Commissioner (Appeals)
- Disputes pending before the Dispute Resolution Panel (DRP)
- Revision petitions awaiting decisions from the Commissioner of Income Tax
The scheme is open to both taxpayers and tax authorities involved in the disputes.
