Stay updated
As the goods and services tax (GST) regime turns eight on July 1, a new survey has revealed that confidence in the indirect tax levy has risen over the years while there is a call for more reforms.
A vast majority of income tax filers want simplified ITRs for individuals, easier way for computing incentives and deductions, and simplification of TDS framework for ‘one rate one section’, a Deloitte survey said on Wednesday. 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.