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Government Denies Viral Cash Tax Claims: It's Fake News, Folks!

Government Denies Viral Cash Tax Claims: It's Fake News, Folks!

Listen up, folks! A wild video claims the government will hit us with cash taxes and penalties starting April 1, 2026. But hold your horses! It’s a big, fat lie! PIB, the best fact-checkers, say it’s fake news! The Income-tax Act, 2025 is just a little facelift, folks, not a cash heist! So relax, keep your cash, and ignore the panic! I told you so!

Quick rundown

  1. Viral video claims new cash transaction taxes from 2026.
  2. PIB debunks misleading tax claims as incorrect.
  3. Income-tax Act, 2025 focuses on simplification, not new taxes.
  4. No new cash restrictions in proposed tax law.
  5. Rely on official sources for accurate tax information.

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