Government clarifies on fake news regarding Act to have 18% income deposited by all tax payers



Quick Summary
A fake message has been circulating on WhatsApp, falsely claiming the government will introduce a Compulsory Deposit Act requiring taxpayers to deposit 18% of their income. The government has officially debunked these claims, stating that no such act is being discussed. They have urged the public not to spread this misinformation, calling it a fabrication intended to cause unnecessary panic.

A fake message was being circulated on Whatsapp that in the wake of the outbreak of Coronavirus the government will enact the Compulsory Deposit Act under which the taxpayers will be asked to deposit 18% to the government. However, the government has made it clear that the such claims are fake. The government further added: No such move being discussed by the Government. This is a figment of imagination aimed at scaremongering. Please do not forward any such fake news
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FAQ :

No, the government has clarified that claims about a Compulsory Deposit Act requiring taxpayers to deposit 18% of their income are false.

The rumour originated from a fake message being circulated on WhatsApp.

The government has stated that no such move is being discussed and that the claims are a 'figment of imagination aimed at scaremongering'.

No, the government has urged the public not to forward any such fake news.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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