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flag Indian chambers propose simplifying tax system with uniform TDS rates to boost compliance.

flag The Associated Chambers of Commerce and Industry of India (Assocham) has submitted a pre-budget proposal to simplify the tax system. flag They suggest a uniform TDS rate of 1% or 2% for all payments to reduce compliance issues and litigation. flag Assocham also recommends decriminalizing minor TDS defaults and ensuring tax neutrality for business reorganizations to boost compliance and investment.

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