SLEW OF DIRECT TAX REFORMS PROPOSED IN UNION BUDGET 2025-26 TO ACHIEVE GOOD GOVERNANCE

SLEW OF DIRECT TAX REFORMS PROPOSED IN UNION BUDGET 2025-26 TO ACHIEVE GOOD GOVERNANCE https://www.taxtmi.com/news?id=32343 Proposals recalibrate personal income taxation by raising the tax free threshold and standard deduction for salaried taxpayers; rationalise TDS/TCS thresholds and decriminalise delayed TCS payment; extend the time to file updated returns and mandate reporting of crypto asset transactions; reduce compliance for small charitable trusts and allow two self occupied properties to be treated as nil; and introduce transfer pricing block periods, expanded safe harbour rules, sectoral presumptive regimes, and extensions for start up and IFSC incentives, collectively aimed at easing compliance and promoting investment. en-us Sat, 01 Feb 2025 14:14:25 +0530 Sat, 01 Feb 2025 14:14:24 +0530 TaxTMI RSS Generator SLEW OF DIRECT TAX REFORMS PROPOSED IN UNION BUDGET 2025-26 TO ACHIEVE GOOD GOVERNANCE https://www.taxtmi.com/news?id=32343 Proposals recalibrate personal income taxation by raising the tax free threshold and standard deduction for salaried taxpayers; rationalise TDS/TCS thresholds and decriminalise delayed TCS payment; extend the time to file updated returns and mandate reporting of crypto asset transactions; reduce compliance for small charitable trusts and allow two self occupied properties to be treated as nil; and introduce transfer pricing block periods, expanded safe harbour rules, sectoral presumptive regimes, and extensions for start up and IFSC incentives, collectively aimed at easing compliance and promoting investment. News - Sat, 01 Feb 2025 14:14:25 +0530 https://www.taxtmi.com/news?id=32343