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flag Parliamentary panel in India recommends TDS refund flexibility and opposes taxing anonymous donations to charities.

flag A Parliamentary panel in India has recommended changes to the new Income Tax Bill 2025, allowing taxpayers to claim TDS refunds without penalty even after the filing deadline. flag The panel also opposed taxing anonymous donations to religious and charitable trusts, arguing it could harm non-profit organizations. flag The recommendations aim to provide relief for small taxpayers and ensure that only net income of non-profits is taxed, replacing the current plan for a flat 30% tax on anonymous donations. flag These changes are expected to take effect from April 1, 2026.

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