Experts Urge TDS Overhaul and Dispute Resolution Simplification in Upcoming Budget
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Experts Urge TDS Overhaul and Dispute Resolution Simplification in Upcoming Budget

Industry experts are calling for significant overhauls to India's Tax Deducted at Source (TDS) system in the upcoming Union budget. Key demands include simplifying TDS slabs into two or three broad categories, streamlining dispute resolution processes, and enhancing clarity on rules for employee stock options (ESOPs) and presumptive taxation. The current complex structure with numerous rates is cited as a major cause of frequent litigation and compliance challenges for businesses.

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