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TDS RATIONALISATION
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
Double tax trouble? Here are 5 changes that draft Income Tax Rules 2026 must addressDraft Income-Tax Rules 2026 aim for voluntary compliance but require crucial changes to prevent taxpayers from paying twice. Key issues inc...
Budget 2026’s Tax Test: India needs fewer tax tangles and more investment muscleIndia Budget 2026 should continue India's tax reform momentum by simplifying TDS, rationalizing buyback provisions, and facilitating sector...
Union Budget 2026-27: Customs overhaul, TDS rationalisation among key expectationsFinance Minister Nirmala Sitharaman is set to present the Union Budget 2026-27, with expectations of a Customs duty overhaul and economic r...
Budget 2026: Ficci pushes for tax certainty, faster dispute resolutionCorporate India is rallying for crucial reforms as the budget season approaches. Their wishlist highlights the necessity for minimized lega...
Income Tax dept to crack down on TDS/TCS defaulters; targets 40,000 taxpayersThe income tax department is set to crack down on individuals and businesses that have failed to deduct and deposit TDS/TCS. Approximately ...
Budget 2025: TDS, TCS rejig will offer relief to businessesThere are a variety of TDS provisions applicable with different rates and different thresholds. There are about 33 Sections in the Income- ...
Budget 2025: Govt to rationalise procedures for speedy company mergersThe government plans to rationalise the procedures for company mergers, making the process quicker and simpler. The Union Budget 2025-26 al...
Govt to rationalise TDS to ease compliance burden, says SitharamanFinance Minister Nirmala Sitharaman has announced the rationalisation of the TDS regime to reduce the compliance burden while presenting th...
Govt to rationalise TDS to ease compliance burden, says SitharamanPresenting the Budget for 2025-26, she said tax proposals are guided by income tax reforms for middle class, TDS rationalisation, and easin...
TDS limit for interest income of senior citizens doubled from Rs 50,000 in Budget 2025TDS limit in Budget 2025: Tax deducted at Source (TDS) rate has been rationalised. The limit for TDS for senior citizens is being doubled f...
Hike basic exemption limit to Rs 5 lakh, cut income tax rates, further reduce number of TDS rates in Budget 2025: EYIncome tax slab expectations: EY has released a press release urging the government to announce certain measures in Budget 2025 to boost co...
Budget 2024 should allow professionals to switch between new and old tax regimes annually like individual taxpayers: Expert viewBudget 2024 expectations: Option to choose tax regime every year while filing income tax return, reduction of income tax rate, simplificati...
Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EYEY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessi...
Interim Budget: Capex & R&D push, simplified taxes top India Inc's wishlistInterim Budget: The Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci) on Wednes...
Rationalised TDS framework, revamped concessional I-T regime expected in Budget, says EYInvestment and production-linked incentives may be considered for strategic sectors that can strengthen 'sustainability' or lead to energy ...
Assocham suggests rationalisation of TDS in Union BudgetAssocham also said that at present, there are about 40 sections under the act dealing with TDS and in addition, there is a huge list of rul...
84 per cent of TDS disputes resolved: Government in Rajya SabhaMinister of State for Finance Jayant Sinha said the government has so far resolved 84 per cent of 49,000 complaints received from the publi...
Easwar panel on Income tax for raising threshold for TDS deductionA high level panel on simplification of income tax laws today recommended raising the threshold limits for deduction of tax at source (TDS).
- CII asks for simplification of corporate TDS
Industry body CII on Thursday asked the government to simplify the provisions of Tax Deducted at Sources (TDS) for the corporate sector.