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Not good to change tax rates too often…there is a need for stability: Revenue Secretary Sanjay Malhotra

In an interview, Malhotra said while the corporate tax cut in 2019 has resulted in about 57 per cent of the corporate tax mop up now coming from the reduced bracket, he is hopeful of a similar traction from the new personal income tax regime that was tweaked last year.
Processing Centre Free Trade Agreements Centralised Processing Centre Sanjay Malhotra Revenue Secretary Sanjay Malhotra Corporate Tax Cut

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Budget 2024 should allow past year's TDS credit to be claimed online, current method difficult: Industry

Various experts have varied views about Form-71 which is used by individual taxpayers to claim TDS credit if it was not deducted in the year when the income was generated. At present a duly filled up Form 71 is submitted online and then the AO checks the claim and either grants or rejects the TDS credit.
Vishwas Panjiar Amarpals Chadha Rahul Singh Processing Centre Nangia Andersen Interim Budget

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