EY India also asks for deferring tax deduction at source (TDS) on PF interest rate (above 2.5 lakhs) until the withdrawal stage to reduce compliance burden. In the previous budget, TDS rate rationalization was undertaken to a certain extent. To further simplify the entire gamut of withholding tax provisions, the TDS rate structure could be divided into 3-4 broad categories with lower rates and a negative list. Sameer Gupta, National Tax Leader, EY India, said "While a full comprehensive review of the direct tax code may take time, we might see some initial steps toward its implementation in this Budget.
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Denne historien er fra January 09, 2025-utgaven av The Business Guardian.
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Security forces seize Maoist training camp in Bijapur
In a major success, security forces have taken control of a Maoist training camp in the core area of PLGA Battalion No. 01 in the dense forests of Bhattiguda, Bijapur district.
LANDMARK DECISIONS OF AMERICAN PRESIDENTS
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Global auto leaders discuss urban mobility trends in India
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ONDC to boost India's entrepreneurial innovation
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Countries show interest in Vande Bharat train: Vaishnaw
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Malegaon blasts case: Pragya seeks more time for court appearance
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