One very important implication of this insight is that not all tax cuts (or tax increases) are created equal. For instance, as I explained in a three-part series (here,here, andhere), there will be very little change in incentives for productive activity if the government gives you a tax...
Additionally, to improve ease of doing business and ensure better compliance, the budget proposed to reduce the rates of tax deduction at source (TDS), except for specific sections like TDS on salary, virtual digital assets, lottery winnings, racehorses, transfer of immovable property, and payment...