<h1>Presumptive taxation limits increased to ease compliance and support microenterprises and professionals, encouraging formalization and growth.</h1> A next-generation Common IT Return form and strengthened grievance redressal are proposed to simplify compliance. Presumptive taxation thresholds for micro enterprises and certain professionals are raised subject to low cash receipts, with enhanced treatment for payments to MSMEs under the Micro, Small and Medium Enterprises Development Act. Start-up incorporation period for tax benefits is extended and carry-forward rules relaxed. Administrative reforms include deployment of appellate officers, shorter production timelines in transfer pricing enquiries, amended appeal timelines under the Benami regime, and targeted caps and exemptions including a cap on capital gains reinvestment deductions and exemption for payments from the Agniveer Corpus Fund.