New TDS and TCS rules simplify tax compliance
Changes to TDS and TCS rules effective April 1, 2026 aim to reduce compliance burden and improve cash flow for taxpayers.
A key reform is the introduction of a uniform 2% TCS rate on foreign remittances and overseas travel, replacing earlier higher rates that went up to 20%.
Experts say the move will ease liquidity pressure, especially for families funding education abroad, while improving predictability in tax planning.
