https://www.taxtmi.com/article/detailed?id=1545 The article recommends lowering TDS/TCS rates and raising exemption thresholds to align withholding with current effective tax rates, noting that many non-salary TDS provisions retain outdated limits and cause excessive refundable deductions with interest. It argues that, given enhanced taxpayer data and reporting, advance tax should be preferred where feasible because it enables easier monitoring, interest for delayed payments, and staggered installments, reducing administrative burden and unnecessary refunds. Periodic recalibration of exemption limits and withholding rates is urged to avoid unproductive collection-and-refund cycles. en-us Thu, 22 Dec 2011 05:38:58 +0530 Thu, 22 Dec 2011 05:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1545 The article recommends lowering TDS/TCS rates and raising exemption thresholds to align withholding with current effective tax rates, noting that many non-salary TDS provisions retain outdated limits and cause excessive refundable deductions with interest. It argues that, given enhanced taxpayer data and reporting, advance tax should be preferred where feasible because it enables easier monitoring, interest for delayed payments, and staggered installments, reducing administrative burden and unnecessary refunds. Periodic recalibration of exemption limits and withholding rates is urged to avoid unproductive collection-and-refund cycles. Articles Income Tax Thu, 22 Dec 2011 05:38:58 +0530 https://www.taxtmi.com/article/detailed?id=1545