TDS on interest income from bonds hurts honest taxpayers more than tax evaders

The Budget 2023 has made amendments in the Income Tax Act, 1961 to reduce the instances of underreporting of incomes especially on bonds. This is done by introducing TDS on interest incomes from bonds. However, the well-intended move may reduce their interest income (due to TDS) and also increase the compliance burden on the bond investors.

from Tax-Wealth-Economic Times https://ift.tt/RflbSy8