https://www.taxtmi.com/article/detailed?id=404 The article urges comprehensive direct tax reform to simplify and rationalise the tax system, promote e-governance in tax administration, and reorient tax policy toward progressive, objective measures. It recommends abolition of Fringe Benefit Tax, reduction of Dividend Distribution Tax, clarification of LLP taxation, reintroduction of investment allowance, enhanced depreciation, sector-specific incentives, housing purchase incentives, restoration of a standard salary deduction, upward revision of the tax audit threshold, and simplification of TDS/TCS compliance, while considering limited expansion of taxable bases to advance tax inclusion. en-us Sat, 27 Jun 2009 00:00:00 +0530 Sat, 27 Jun 2009 07:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=404 The article urges comprehensive direct tax reform to simplify and rationalise the tax system, promote e-governance in tax administration, and reorient tax policy toward progressive, objective measures. It recommends abolition of Fringe Benefit Tax, reduction of Dividend Distribution Tax, clarification of LLP taxation, reintroduction of investment allowance, enhanced depreciation, sector-specific incentives, housing purchase incentives, restoration of a standard salary deduction, upward revision of the tax audit threshold, and simplification of TDS/TCS compliance, while considering limited expansion of taxable bases to advance tax inclusion. Articles Income Tax Sat, 27 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=404