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Claim: From 01.04.2026, ITD can access emails, social media, trading apps, or private accounts. ❌ This claim is #misleading. ✅ Section 247 of the Income Tax Act, 2025 applies only to Search and Survey operations. Unless there is evidence of serious tax evasion and a formal search is initiated,...

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PIB Fact Check

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15,206 次观看 • 8 个月前 •via X (Twitter)

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In addition to the New Income Tax Bill, we are bringing certain amendments in the Income Tax Act of 1961. Major amendments are: - Give tax exemption on dividend, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure between 01.04.2020 and 31.03.2030, subject to notification. The Public Investment Fund (PIF) and its wholly owned subsidiaries will be named directly in the section for exemption. - Abatement of all assessments for block periods in search cases until block assessment order. It will be a major reform for Ease of Doing Business. - Providing clarity for the new Income Tax regime, where standard deduction of Rs. 75,000 will be clarified for salaried individuals. - Fourth is related to Unified Pension Scheme (UPS) to clear the confusion on deduction, and bring parity with NPS. The above 4 changes are for the Income Tax Act 1961, but these have also been incorporated in the New Income Tax Bill. - Smt Nirmala Sitharaman in Rajya Sabha.
3:03

In addition to the New Income Tax Bill, we are bringing certain amendments in the Income Tax Act of 1961. Major amendments are: - Give tax exemption on dividend, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure between 01.04.2020 and 31.03.2030, subject to notification. The Public Investment Fund (PIF) and its wholly owned subsidiaries will be named directly in the section for exemption. - Abatement of all assessments for block periods in search cases until block assessment order. It will be a major reform for Ease of Doing Business. - Providing clarity for the new Income Tax regime, where standard deduction of Rs. 75,000 will be clarified for salaried individuals. - Fourth is related to Unified Pension Scheme (UPS) to clear the confusion on deduction, and bring parity with NPS. The above 4 changes are for the Income Tax Act 1961, but these have also been incorporated in the New Income Tax Bill. - Smt Nirmala Sitharaman in Rajya Sabha.

Nirmala Sitharaman Office

15,718 次观看 • 1 年前

In Part 2 of Hana Kim's (glorious) interview of state Senate Majority Leader and income tax architect Jamie Pedersen... ✅Pedersen is in denial that his tax is causing upset saying "I don't have any evidence that millionaires or business leaders are leaving as result of this income tax". ✅After being asked directly, Pedersen finally goes on the record that his goal is an income tax for all Washingtonians. ✅Pedersen attempts to lie about a future legislature's ability to lower the income level threshold down from $1 Million, and then gets defensive when Hana Kim calls him on it. This is certainly an interview for the history books. Hana Kim | FOX 13 Seattle 'Part 2: Architect of millionaire tax defends new law'
3:50

In Part 2 of Hana Kim's (glorious) interview of state Senate Majority Leader and income tax architect Jamie Pedersen... ✅Pedersen is in denial that his tax is causing upset saying "I don't have any evidence that millionaires or business leaders are leaving as result of this income tax". ✅After being asked directly, Pedersen finally goes on the record that his goal is an income tax for all Washingtonians. ✅Pedersen attempts to lie about a future legislature's ability to lower the income level threshold down from $1 Million, and then gets defensive when Hana Kim calls him on it. This is certainly an interview for the history books. Hana Kim | FOX 13 Seattle 'Part 2: Architect of millionaire tax defends new law'

Future 42

19,707 次观看 • 4 个月前

UPDATE: The Revenue Authority is lining up a number of changes to buttress Finance Act 2026's introduction of phased out Income Tax Return filing (see quoted tweet). The authority says it will: · Abandon the excel file based filing in favour of a purely web based filing system. So taxpayers won't be downloading · Expand the scope of the AI-powered virtual assistant, Shuru, for more complex filing · Upgrade iTax ahead of April 30th, 2027 which will be the debut phase of staggered filing of income tax returns PS: · Worth noting the authority says there shall be no Incomes & Expenses Validation for the 2026 year of income, apparently it was only for 2025 · Question, how does this align with the Finance Act 2026 amendment to Sec75 of the Tax Procedures Act? · If the law provides that the taxpayer has the right to confirm or amend a pre-populated return, doesn't it follow that there shall be a validation exercise accompanying this in the case where an amendment is done?
1:14

UPDATE: The Revenue Authority is lining up a number of changes to buttress Finance Act 2026's introduction of phased out Income Tax Return filing (see quoted tweet). The authority says it will: · Abandon the excel file based filing in favour of a purely web based filing system. So taxpayers won't be downloading · Expand the scope of the AI-powered virtual assistant, Shuru, for more complex filing · Upgrade iTax ahead of April 30th, 2027 which will be the debut phase of staggered filing of income tax returns PS: · Worth noting the authority says there shall be no Incomes & Expenses Validation for the 2026 year of income, apparently it was only for 2025 · Question, how does this align with the Finance Act 2026 amendment to Sec75 of the Tax Procedures Act? · If the law provides that the taxpayer has the right to confirm or amend a pre-populated return, doesn't it follow that there shall be a validation exercise accompanying this in the case where an amendment is done?

Julians Amboko

33,933 次观看 • 2 个月前

The Income Tax has been deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They try to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone It’s time to abolish the income tax
0:50

The Income Tax has been deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They try to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone It’s time to abolish the income tax

Wall Street Apes

101,358 次观看 • 7 个月前

𝐌𝐨𝐬𝐭 𝐖𝐨𝐫𝐤𝐞𝐫𝐬 𝐖𝐢𝐥𝐥 𝐏𝐚𝐲 𝐋𝐞𝐬𝐬 𝐓𝐚𝐱 𝐅𝐫𝐨𝐦 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 2026 Under the new tax laws, about 98% of workers in both the public and private sectors are expected to pay less or no PAYE/personal income tax. This short video explains how Personal Income Tax is calculated under the new law and what the changes could mean for you. Calculate your tax under the old and new tax laws here: 𝑲𝒏𝒐𝒘 𝒕𝒉𝒆 𝒇𝒂𝒄𝒕𝒔. 𝑫𝒐 𝒕𝒉𝒆 𝒎𝒂𝒕𝒉 #FactNotFear #TaxReforms #Nigeria
1:30

𝐌𝐨𝐬𝐭 𝐖𝐨𝐫𝐤𝐞𝐫𝐬 𝐖𝐢𝐥𝐥 𝐏𝐚𝐲 𝐋𝐞𝐬𝐬 𝐓𝐚𝐱 𝐅𝐫𝐨𝐦 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 2026 Under the new tax laws, about 98% of workers in both the public and private sectors are expected to pay less or no PAYE/personal income tax. This short video explains how Personal Income Tax is calculated under the new law and what the changes could mean for you. Calculate your tax under the old and new tax laws here: 𝑲𝒏𝒐𝒘 𝒕𝒉𝒆 𝒇𝒂𝒄𝒕𝒔. 𝑫𝒐 𝒕𝒉𝒆 𝒎𝒂𝒕𝒉 #FactNotFear #TaxReforms #Nigeria

Taiwo Oyedele

267,702 次观看 • 9 个月前

On 4th of July Independence Day, you should know the Income Tax was deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They tried to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone Let me clearly break down the order of events: During the Civil War era (1861–1872) The first federal income tax was enacted during the Civil War under Lincoln. It was a temporary wartime measure. It was repealed in 1872, The Supreme Court upheld it as constitutional in Springer v. United States In 1894 there was another peacetime attempt at an income tax. Congress passed a 2% tax on incomes over $4,000 as part of the Wilson-Gorman Tariff Act. The Supreme Court struck it down in Pollock v. Farmers’ Loan & Trust Co. They again said it was unconstitutional So next in 1913 Congress forces an income tax on us with the 16th Amendment But what else happened in 1913? The federal reserve was established We had a central banking takeover and that same year they passed the income tax to steal from all of us This should have never been allowed to happened, the income tax was ruled unconstitutional It’s time to set Americans free and abolish the income tax
1:52

On 4th of July Independence Day, you should know the Income Tax was deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They tried to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone Let me clearly break down the order of events: During the Civil War era (1861–1872) The first federal income tax was enacted during the Civil War under Lincoln. It was a temporary wartime measure. It was repealed in 1872, The Supreme Court upheld it as constitutional in Springer v. United States In 1894 there was another peacetime attempt at an income tax. Congress passed a 2% tax on incomes over $4,000 as part of the Wilson-Gorman Tariff Act. The Supreme Court struck it down in Pollock v. Farmers’ Loan & Trust Co. They again said it was unconstitutional So next in 1913 Congress forces an income tax on us with the 16th Amendment But what else happened in 1913? The federal reserve was established We had a central banking takeover and that same year they passed the income tax to steal from all of us This should have never been allowed to happened, the income tax was ruled unconstitutional It’s time to set Americans free and abolish the income tax

Wall Street Apes

161,403 次观看 • 2 个月前

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast
2:35

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 次观看 • 8 个月前

MAJOR development - The government has announced that starting Dec 25th, 2024 ALL pay bills will be deemed to be virtual electronic tax receipt systems in a bid to widen the tax base. Senior Economic Advisor, Moses Kuria, says this decision has been arrived at at the disparity between KRA registered ETRs & >2.0M digital payment touch points across the country. He says KRA is aligned. Musings: · What does this mean for Sec23 of the Tax Procedures Act & Sec16c of the Income Tax Act? · I presume it means, by extension, that evidence of mobile money payments will also be deemed as good as an eTIMS receipt & therefore be admissible for income tax deductible purposes · Go to the MTRS & read about integration of tax systems with 3rd party systems · See the quoted tweet here. There's a lot more in the pipeline
4:13

MAJOR development - The government has announced that starting Dec 25th, 2024 ALL pay bills will be deemed to be virtual electronic tax receipt systems in a bid to widen the tax base. Senior Economic Advisor, Moses Kuria, says this decision has been arrived at at the disparity between KRA registered ETRs & >2.0M digital payment touch points across the country. He says KRA is aligned. Musings: · What does this mean for Sec23 of the Tax Procedures Act & Sec16c of the Income Tax Act? · I presume it means, by extension, that evidence of mobile money payments will also be deemed as good as an eTIMS receipt & therefore be admissible for income tax deductible purposes · Go to the MTRS & read about integration of tax systems with 3rd party systems · See the quoted tweet here. There's a lot more in the pipeline

Julians Amboko

254,142 次观看 • 1 年前

This is how Amazon Founder Jeff Bezos avoids paying a personal income tax - For the last 20 years he’s had the same salary, $82,000 - He does this because a higher salary that would support his lifestyle would be subject to payroll and income tax, he doesn’t want to pay that - Instead all his money is in his stocks, those are never subject to any taxes as long as they aren’t sold - He takes out a loan and borrows against his stocks - The only money he’ll ever had to pay is the loan and interest on the loan This is common practice for billionaires so they avoid the majority or all of a personal income tax
1:42

This is how Amazon Founder Jeff Bezos avoids paying a personal income tax - For the last 20 years he’s had the same salary, $82,000 - He does this because a higher salary that would support his lifestyle would be subject to payroll and income tax, he doesn’t want to pay that - Instead all his money is in his stocks, those are never subject to any taxes as long as they aren’t sold - He takes out a loan and borrows against his stocks - The only money he’ll ever had to pay is the loan and interest on the loan This is common practice for billionaires so they avoid the majority or all of a personal income tax

Wall Street Apes

2,708,568 次观看 • 5 个月前

Where is your money going? The IRS wants you to feel powerless, but there is a way out of this tyranny. No law requires 99% of Americans to file and pay income tax. Go to to learn more from Freedom Law School or call (813) 444-4800 🇺🇸 Freedom Law School
1:00

Where is your money going? The IRS wants you to feel powerless, but there is a way out of this tyranny. No law requires 99% of Americans to file and pay income tax. Go to to learn more from Freedom Law School or call (813) 444-4800 🇺🇸 Freedom Law School

Stew Peters

32,895 次观看 • 1 个月前

Where is your money going? The IRS wants you to feel powerless, but there is a way out of this tyranny. No law requires 99% of Americans to file and pay income tax. Go to to learn more from Freedom Law School or call (813) 444-4800 🇺🇸 Freedom Law School
1:00

Where is your money going? The IRS wants you to feel powerless, but there is a way out of this tyranny. No law requires 99% of Americans to file and pay income tax. Go to to learn more from Freedom Law School or call (813) 444-4800 🇺🇸 Freedom Law School

Stew Peters

29,178 次观看 • 1 个月前

During press availability, Mayor Johnson took the opportunity to bash critics of his “Head Tax.” When explaining critics messaging on his “Head Tax,” the mayor repeatedly claimed it was misleading and graded it a “F minus.” Let’s be clear. The Mayor is lying. The Head Tax, the 14% tax on commuter usage and the 20 other tax and fee increases are NOT tied to income or wealth. The guy who bragged about refusing to assign grades to students as a CPS teacher is now giving failing grades to his opponents for telling the truth. Mayor Johnson has earned his “F minus” for lying.
6:56

During press availability, Mayor Johnson took the opportunity to bash critics of his “Head Tax.” When explaining critics messaging on his “Head Tax,” the mayor repeatedly claimed it was misleading and graded it a “F minus.” Let’s be clear. The Mayor is lying. The Head Tax, the 14% tax on commuter usage and the 20 other tax and fee increases are NOT tied to income or wealth. The guy who bragged about refusing to assign grades to students as a CPS teacher is now giving failing grades to his opponents for telling the truth. Mayor Johnson has earned his “F minus” for lying.

Paul Vallas

51,398 次观看 • 9 个月前

KIND ATTENTION TAXPAYERS! Beware of Fake Messages! Scammers may send fake e-mails & SMS claiming to be from Income Tax Department to steal your personal info. 🛑 Don’t fall for it - never share OTPs or bank details. ✅ Always verify communications on the official portal ( ✅ Report suspicious messages to webmanager@incometax.gov.in and mark a copy to incident@cert-in.org.in Think Before You Click - Stay Tax Smart, Stay Safe! Nirmala Sitharaman Office Office of Pankaj Chaudhary Ministry of Finance PIB India Ministry of Information and Broadcasting
1:57

KIND ATTENTION TAXPAYERS! Beware of Fake Messages! Scammers may send fake e-mails & SMS claiming to be from Income Tax Department to steal your personal info. 🛑 Don’t fall for it - never share OTPs or bank details. ✅ Always verify communications on the official portal ( ✅ Report suspicious messages to [email protected] and mark a copy to [email protected] Think Before You Click - Stay Tax Smart, Stay Safe! Nirmala Sitharaman Office Office of Pankaj Chaudhary Ministry of Finance PIB India Ministry of Information and Broadcasting

Income Tax India

44,092 次观看 • 3 个月前

Trump says that we may be a “substantially enlarged country in the not too distant future”. He then hinted at abolishing income tax and moving back to tariffs. It sounds like Trump’s plan is to absorb Canada and Greenland, to become a self-sustaining empire and one of the largest producers of oil and natural gas on Earth, then move back to a tariff-based system that incentivizes the purchase of US goods, and abolish income tax after DOGE trims all the fat. Whether or not he will be able to accomplish this is one thing, but that appears to be his plan. He has been hinting at it for weeks now. So long as it’s done diplomatically, all parties agree, and there is no more income tax, I can get behind this idea. I understand this sounds impossible, but Trump has a knack for the impossible.
1:19

Trump says that we may be a “substantially enlarged country in the not too distant future”. He then hinted at abolishing income tax and moving back to tariffs. It sounds like Trump’s plan is to absorb Canada and Greenland, to become a self-sustaining empire and one of the largest producers of oil and natural gas on Earth, then move back to a tariff-based system that incentivizes the purchase of US goods, and abolish income tax after DOGE trims all the fat. Whether or not he will be able to accomplish this is one thing, but that appears to be his plan. He has been hinting at it for weeks now. So long as it’s done diplomatically, all parties agree, and there is no more income tax, I can get behind this idea. I understand this sounds impossible, but Trump has a knack for the impossible.

Clandestine

1,206,815 次观看 • 1 年前