Taxpayers want simplified ITRs, TDS framework for 'one rate one section': Survey
The Statesman|December 05, 2024
Deloitte has released a survey on Wednesday saying a vast majority of income tax filers want simplified ITRs for individuals, easier ways for computing incentives and deductions, and simplification of the TDS framework for 'one rate one section'.
Taxpayers want simplified ITRs, TDS framework for 'one rate one section': Survey

Deloitte's Income-Tax Policy Survey also suggested doing away with the requirement of issuing Form 16A as the TDS information is already reported and available in the Form 26AS and AIS of the recipient.

Nearly three-fourths (73%) of respondents advocated for simplifying the computation methodology of the fair value of assets and other property as well as the computation of foreign tax credit.

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