tax experts

Budget 2025-26 could look at further simplification of TDS rates

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Budget 2025-26 could look at further simplification of TDS rates

The finance ministry could take forward further simplification and rationalisation of the tax deducted at source regime in the Union Budget 2025-26 while a more comprehensive revamp of the Income Tax Act, 1961, could take longer. According to sources, the Budget is likely to announce further streamlining of TDS rates with a more simplified slab … Read more

MNCs fear equalisation levy on inter-group transactions

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MNCs fear equalisation levy on inter-group transactions

All goods imported by subsidiaries of multinational companies could attract the equalisation levy. The government said recently that only companies that have a permanent establishment (PE) in India would be outside the purview of the equalisation levy — a 2% tax applicable on gross revenue. This means laptops to automobiles and heavy industrial equipment to … Read more