SIMPLIFYING TAX AND IMPROVING TAX PAYER SERVICES – A CONSISTENT ENDEAVOUR OF THE GOVERNMENT: UNION FINANCE MINISTER https://www.taxtmi.com/news?id=27686 A statutory simplification program includes a comprehensive six month review of the Income tax Act, tightened reassessment and search time limits, and full digitalization of remaining GST, Customs and Income tax services within two years. Compliance changes merge charitable exemption regimes, rationalize and reduce multiple TDS rates, permit TCS credit against salary TDS, and decriminalize TDS delay until statement filing. The Vivad se Vishwas Scheme, 2024 is announced for pending appeals, monetary appeal thresholds are raised, and safe harbor and transfer pricing procedures will be expanded and streamlined. en-us Tue, 23 Jul 2024 13:51:24 +0530 Tue, 23 Jul 2024 13:51:24 +0530 TaxTMI RSS Generator SIMPLIFYING TAX AND IMPROVING TAX PAYER SERVICES – A CONSISTENT ENDEAVOUR OF THE GOVERNMENT: UNION FINANCE MINISTER https://www.taxtmi.com/news?id=27686 A statutory simplification program includes a comprehensive six month review of the Income tax Act, tightened reassessment and search time limits, and full digitalization of remaining GST, Customs and Income tax services within two years. Compliance changes merge charitable exemption regimes, rationalize and reduce multiple TDS rates, permit TCS credit against salary TDS, and decriminalize TDS delay until statement filing. The Vivad se Vishwas Scheme, 2024 is announced for pending appeals, monetary appeal thresholds are raised, and safe harbor and transfer pricing procedures will be expanded and streamlined. News - Tue, 23 Jul 2024 13:51:24 +0530 https://www.taxtmi.com/news?id=27686