https://www.taxtmi.com/news?id=22478 The Budget advances a policy of "Ease of Living" with cross sectoral reform and growth measures, while proposing comprehensive tax simplification and incentives: an optional simplified personal income tax regime in exchange for foregoing most deductions, removal of Dividend Distribution Tax in favour of taxing dividends in recipients' hands, extension of concessional corporate tax to new electricity generators, start up ESOP tax deferral and expanded start up deduction conditions, concessional tax option for cooperatives, higher audit thresholds for small businesses with limited cash transactions, faceless appeals, and GST return simplification alongside targeted customs adjustments to protect labour intensive domestic industry. en-us Sat, 01 Feb 2020 16:00:26 +0530 Mon, 03 Feb 2020 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22478 The Budget advances a policy of "Ease of Living" with cross sectoral reform and growth measures, while proposing comprehensive tax simplification and incentives: an optional simplified personal income tax regime in exchange for foregoing most deductions, removal of Dividend Distribution Tax in favour of taxing dividends in recipients' hands, extension of concessional corporate tax to new electricity generators, start up ESOP tax deferral and expanded start up deduction conditions, concessional tax option for cooperatives, higher audit thresholds for small businesses with limited cash transactions, faceless appeals, and GST return simplification alongside targeted customs adjustments to protect labour intensive domestic industry. News - Sat, 01 Feb 2020 16:00:26 +0530 https://www.taxtmi.com/news?id=22478