India Considers Major TDS Overhaul for Budget 2026 - Whalesbook

Overview India's Tax Deducted at Source (TDS) system faces a proposed overhaul for Budget 2026. Experts highlight current complexity, multiple rates, and blocked working capital due to excess deductions, citing a sharp rise in income-tax refunds. Proposals include leveraging the GST network to streamline compliance, consolidating rates, and eliminating physical certificates, aiming to ease busines…