Focus on simplification & lower compliance burden
The new Income Tax Bill, 2025 aims to simplify language, reduce litigation, and lower compliance burdens. It introduces clearer tax year definitions, removes outdated sections, and allows for lower withholding tax certificates under all TDS/TCS provisions, while also simplifying tax provisions for non-resident shipping and airline companies.
The new Income Tax Bill, 2025 aims to simplify language, reduce litigation, and lower compliance burdens. It introduces clearer tax year definitions, removes outdated sections, and allows for lower withholding tax certificates under all TDS/TCS provisions, while also simplifying tax provisions for non-resident shipping and airline companies. What's Your Reaction?
