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Experts propose fewer TDS, TCS provisions, simpler tax law
The Morning Standard
|October 02, 2024
AHEAD of pre-budget consultations, experts suggest various changes in the Income Tax Act to make it simpler and minimize disputes.
According to sources, a recent stakeholder consultation meeting chaired by Revenue Secretary Sanjay Malhotra brought together government officials and tax experts to discuss potential changes to the income tax law. Finance Minister Nirmala Sitharaman in Budget this year had announced the formation of a committee for review of the Income Tax Act.
One of the key changes tax experts suggest is the need to revamp the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) provisions.
Dit verhaal komt uit de October 02, 2024-editie van The Morning Standard.
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