Budget 2026: Why Tax Administration Matters More Than New Laws
Budget
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CNBC TV18•30-01-2026, 16:01
Budget 2026: Why Tax Administration Matters More Than New Laws
- •Finance Minister Nirmala Sitharaman's Budget 2026 should focus on tax administration, not sweeping legislative changes, given the new Income Tax Act, 2025.
- •Dinesh Kanabar of Dhruva Advisors emphasizes shifting from drafting laws to efficient implementation, as the new Act underwent extensive consultation.
- •Simplifying Tax Deduction at Source (TDS) by rationalizing rates into 2-3 broad categories could significantly reduce compliance complexity and litigation.
- •The Budget should strategically use tax policy to support high-tech manufacturing with R&D incentives, attracting investments and absorbing skilled Indian professionals.
- •Addressing the growing burden of tax litigation through a comprehensive dispute resolution framework is crucial to clear backlogs and restore taxpayer confidence.
Why It Matters: Budget 2026 should prioritize improving tax administration, simplifying compliance, and resolving disputes over new laws.
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