Institute of Chartered Accountants of India invites suggestions on Direct Tax and Indirect Tax for Pre-budget Memorandum.
Suggestions relating to Direct Taxes to be given under the following head:
- Suggestions for widening the tax base and increasing the tax revenue
- Suggestions to check tax avoidance
- Suggestions to reduce/minimize litigations
- Suggestions for rationalization of the provisions of Direct Tax Laws
- Suggestions for removing administrative and procedural difficulties relating to Direct Taxes
Suggestions in respect of Indirect Taxes to cover:
- Central Excise Law
- Customs Law
- Service Tax Law
- Central Sales Tax
The suggestions relating to policy matters and procedural matters be mentioned separately and for each of the issue, following details be given in the format specified below:
Issue – brief description of the issue with relevant provisions of law
Suggestion – specific suggestion to deal with the issue
Rationale – the justification for the suggestion.
Suggestions may be sent at prebudget@icai.org positively by 31st October, 2012.
