Nirmala Sitharaman Rejects Reports On Changes In Income Tax Rules After Polls

Finance Minister Nirmala Sitharaman on Friday refuted a media report claiming that major changes in the income tax system would be introduced when the new government assumes office after the ongoing Lok Sabha elections.

Ms Sitharaman reacted to a post on X by a TV news channel claiming that in a sweeping change, the Income Tax Department is planning to impose uniform treatment for all asset classes.

Referring to the report, the Finance Minister posted on X, ”Wonder where this came from. Was not even double-checked with Finance Ministry. Pure speculation.”

At present, a differential tax structure for various financial assets is in place.

Source: NDTV