According to a Bloomberg report, the proposal reportedly came from the Reserve Bank of India.
The upgraded platform brings a unified space for all TDS and TCS services.
From April 1, 2026, the Income-tax Act, 2025 replaces an outdated structure built decades ago.
In several cases, the Reserve Bank of India deducted Tax Deducted at Source (TDS) only when the bonds matured.
According to experts, certain taxpayers are more likely to receive such notices.