https://www.taxtmi.com/news?id=32307 Rationalisation of TDS is proposed to reduce compliance burdens by simplifying withholding rules and administrative requirements. A new Income Tax bill will be introduced to replace current law with a shorter, clearer statute. Additional measures include raising the TCS threshold for remittances under the liberalised remittance scheme and expanding exempted capital goods to cover more items for EV battery and mobile phone battery production. en-us Sat, 01 Feb 2025 12:31:02 +0530 Sat, 01 Feb 2025 12:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32307 Rationalisation of TDS is proposed to reduce compliance burdens by simplifying withholding rules and administrative requirements. A new Income Tax bill will be introduced to replace current law with a shorter, clearer statute. Additional measures include raising the TCS threshold for remittances under the liberalised remittance scheme and expanding exempted capital goods to cover more items for EV battery and mobile phone battery production. News - Sat, 01 Feb 2025 12:31:02 +0530 https://www.taxtmi.com/news?id=32307