tax litigation

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

Deloitte India Survey: 94% of India Inc. calls for simplified tax reforms to boost compliance, reduce litigation

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Deloitte India Survey: 94% of India Inc. calls for simplified tax reforms to boost compliance, reduce litigation

As the Finance Ministry undertakes a comprehensive review of the Income Tax Act, a a new survey has revealed that 94% of industry leaders surveyed unanimously agree on the need for simplification of the current income tax law in India. “Interpretation of tax law and computing taxable income and tax payable are highlighted as the … Read more