Budget 2025: Chief CBDT dismets of silent advice for the old fiscal régime, wait 97% Shift to the new system

Rava Agar Warigwad, Central Carmal Taxi (CBDT), Speculation of Union 2025 Signals the end of the old fiscal regiments. Answer the questions about their relevance, agarwal has claimed: but it makes date, both the taxpage, and the option is with unemployed. Someone feel beneficial. “

In a interaction with Siddharth Zarabi, editor of Businesses todayAgarwal recognized that new tax regime offers more benefits, driven by the purpose of simplifying the system. “In the old fiscal regime, there are some open deductions, computers of calculation. Indiad this, the new tax rate provides the rate of the rate,” he said.

This simplicity, noticed, has resonved with the constrainters, with 74% after already adopted the new system. “I am secured that with this change consists in the amendment, more people would be explained to take a matulum?” Added.

When wondering about the expected adoption fee after the balance 2025, agarwo projected a significant growth. “There are about 8.5 Indian contributions of Indian contributions, and of this 75% have been done for the new tax regime. Would you forward, that number must touch, 95-97%”, he planned.

The Permission of Philosoff behind the New Union Fiscal Tax Report Sitharaman Sitharaman, which will be presented to illegica “, he said. The Focus has been in clarity and Facility of understanding. “Language is SIMPLE, the people to litigation down, promoting the facility to make business respect:” Agarwal noticed.

The finance minister has highlighted that the new billion has reduced to the act of the act with almost 50%, by deleting background, disprovers, and duplications. “We’ve found certain gaps and screwed up. This is to trust honest keywords before and scrutinizing later,” Agarwal has remarked.

Address the concerns about aggressive discovery for the agarwal emarwal emphasized the government-based approach. “We are about 8.75 crooked with the ratio, and 99.5% of the cases, compromise is stated as declared by contributions. This is trusted. For cases remaining, clarified, scrutiny is not arbitrary but based on red data and red flags.

Agarwal also detailed the changes in the concept of updated returns. “Initially, the contributors had two years to update again. Now, this has been extended to the third and fourth years”, explained. It is the idea, he said, because unresting untreated refuses. “If we receive information in the following year, we look at the Annual information (AIS). If distrust requires fill in, there is no need for the weaving.”