https://www.taxtmi.com/news?id=27695 Comprehensive tax reform measures streamline direct and indirect tax regimes, simplifying compliance and adjusting substantive provisions: expansion of simplified personal and corporate regimes, increased standard and family pension deductions in the new personal tax regime, abolition of angel tax, limitations on reopening assessments based on an escaped income threshold, consolidation and rationalisation of TDS/TCS rules with decriminalisation of certain TDS delays, restructuring of capital gains taxation with revised holding-period classifications and increased exemption limits, targeted Customs duty recalibrations to support domestic manufacturing and policy goals, proposals for GST rationalisation and digitalisation, and dispute-resolution initiatives including expanded safe harbour rules and higher appeal thresholds. en-us Tue, 23 Jul 2024 14:11:49 +0530 Tue, 23 Jul 2024 14:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27695 Comprehensive tax reform measures streamline direct and indirect tax regimes, simplifying compliance and adjusting substantive provisions: expansion of simplified personal and corporate regimes, increased standard and family pension deductions in the new personal tax regime, abolition of angel tax, limitations on reopening assessments based on an escaped income threshold, consolidation and rationalisation of TDS/TCS rules with decriminalisation of certain TDS delays, restructuring of capital gains taxation with revised holding-period classifications and increased exemption limits, targeted Customs duty recalibrations to support domestic manufacturing and policy goals, proposals for GST rationalisation and digitalisation, and dispute-resolution initiatives including expanded safe harbour rules and higher appeal thresholds. News - Tue, 23 Jul 2024 14:11:49 +0530 https://www.taxtmi.com/news?id=27695