ICAI invites suggestions on Direct and Indirect Taxes for Pre-Budget memorandum 2013

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.