Budget 2025: Major overhaul in TCS/ TDS regime expected? Here's what the industry wants
Union Budget 2025 expectations: FICCI proposed simplifying India's tax structure and supporting women's workforce participation for the Union Budget 2025-26. Recommendations include consolidating TDS/TCS rates, introducing tax exemptions on daycare expenses, and using CSR funds for female worker dormitories. FICCI also suggested an Independent Dispute Resolution forum and eliminating redundant TDS/TCS for transactions subject to GST.