Will this Budget make TDS less tedious for businesses?
The re-elected government initiated a revamp of the Income-Tax Act to simplify and ease compliance with TDS provisions. With Budget 2025 approaching, businesses anticipate further rationalisation of TDS rates and reduction of the administrative burden on taxpayers. Technological advancements could also lead to the removal of redundant TDS provisions.
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
The re-elected government initiated a revamp of the Income-Tax Act to simplify and ease compliance with TDS provisions. With Budget 2025 approaching, businesses anticipate further rationalisation of TDS rates and reduction of the administrative burden on taxpayers. Technological advancements could also lead to the removal of redundant TDS provisions. 
