Key Points
New Delhi: In response to widespread misinformation circulating on various social media platforms, the Ministry of Finance issued a clarification regarding the applicability of the new tax regime versus the existing one...
Ministry of Finance posted, "Ministry of Finance posted on X, "It has come to notice that misleading information related to new tax regime is being spread on some social media platforms..
Importantly, individuals have the option to opt out from the new tax regime until the filing of returns for the assessment year 2024-25...
The Ministry of Finance emphasized the importance of accurate information dissemination, particularly in matters concerning taxation policies that directly impact citizens' financial affairs...
The Ministry urges individuals to rely on official announcements and sources for accurate information regarding tax reforms and regulatory changes...
