Presenting the Union Budget in the Parliament today, the Finance Minister Shri P.Chidambaram underlined the theme of the tax proposals to be based on the following parameters:-
• Clarity in tax laws.
• Stable tax regime.
• Non-Adversarial tax administration
• Fair mechanism for dispute resolution
• An independent judiciary
The Finance Minister said that the above parameters formed the underlying theme of his tax proposals both on the direct taxes side and on the indirect taxes side.