The article discusses key amendments proposed in the Finance Bill 2025 (Bill) related to TDS/TCS, aimed at simplifying tax compliance and enhancing the ease of doing business. To achieve this, the Bill proposes rationalising TDS/TCS rates and increasing threshold limits for TDS applicability across various sections. Key amendments include:
‣ Reduction in the TDS rate for securitisation trusts
‣ Increase in threshold limits for TDS applicability
‣ Promotion of ease of doing business and simplification of tax compliance
‣ Reduction of unnecessary tax deductions for small-value transactions
‣ Establishment of a better-regulated tax structure for various sectors
