Govt to rationalise TDS to ease compliance burden, says Sitharaman

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....ovt to rationalise TDS to ease compliance burden, says Sitharaman<BR>News and Press Release<BR>Dated:- 1-2-2025<BR>PTI<BR>New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Saturday announc....

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....ed rationalisation of TDS (Tax Deduction at Source) regime to ease compliance burden. Presenting the Budget for 2025-26, she said tax proposals are guided by income tax reforms for middle class, TDS....

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.... rationalisation, and easing compliance burden. The government will also be introducing a new Income Tax (I-T) bill in Parliament next week. Reforms are not destinations but means to achieve good ....

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....governance for the people and economy, the finance minister said and added that the new I-T bill will be half of the current volume, clear and direct in wording. Meanwhile, the government will incre....

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....ase the limit of TCS on remittances under RBI's liberalised remittance scheme from Rs 7 lakh to Rs 10 lakh. Also, Sitharaman said that 35 additional goods for EV battery, 28 additional goods for mob....

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....ile phone battery production will be included in the list of exempted capital goods. PTI RAM KKS ANU<BR> News - Press release - PIB....