Friday, August 07
The current year has been significant in India’s tax reforms journey. It focused on structural simplification through the new Income tax Act, 2025, bringing greater ease of compliance and boosting consumption by providing tax relief for individual taxpayers. Budget 2026 must carry forward the reforms process to further reduce complexity, enhance certainty, build trust and boost investments. Some areas that need attention are discussed below.Catch latest news related to Budget 2026 hereRationalise TDS to simplify compliance and avoid disputesWith 37 different types of payments to residents where TDS rates vary from 0.1% to 30%, TDS provisions become a fertile ground for disputes relating to categorisation and interpretation. In many instances, industry faces cash flow blockages awaiting r
