Ahead of #UnionBudget2025, the US-India Tax Forum, an initiative of USISPF has come out with a set of policy recommendations.

💡Policy Recommendation: 

➡️Simplifying Tax Deduction at Source (TDS):

▶️Streamline the TDS structure to two or three rates, reducing compliance burdens and enabling businesses to focus on growth. 

▶️Rationalize provisions like Sections 194Q and 206C(1H) to eliminate redundant obligations.