ICAI invites suggestions for Pre-Budget Memorandum 2024

Last updated: 23 September 2023

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The Institute of Chartered Accountants of India (ICAI) is actively seeking public input for its Pre-Budget Memorandum 2024. This memorandum will provide valuable suggestions to the Government of India's Ministry of Finance regarding direct tax laws, including international taxation. The ICAI's Direct Taxes Committee is looking for ideas on widening the tax base, increasing revenue, curbing tax avoidance, reducing litigation, and simplifying tax laws.

Institute of Chartered Accountants of India (ICAI) has invited suggestions for the Pre-Budget Memorandum-2024. The ICAI is the apex professional accounting body in India and its Pre-Budget Memorandum is a valuable source of inputs for the Government of India in formulating its annual Budget.

ICAI Seeks Pre-Budget 2024 Suggestions from Public

Official copy of the notification has been mentioned below

Direct Taxes Committee
The Institute of Chartered Accountants of India
23rd September, 2023

ICAI invites suggestions for Pre-Budget Memorandum-2024

The Direct Taxes Committee of ICAI is in the process of identifying issues for inclusion in the Pre-Budget Memoranda - 2024 to be submitted to the Ministry of Finance. Suggestions under the following heads are invited on laws relating to Direct Taxes (including International Taxation):

Direct Taxes
(including International Taxation)

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

Submission Details

Suggestions may be submitted at the link:
https://appforms.icai.org/preBudgetSuggestion/index.html

Suggestions may be submitted latest by 10th October, 2023

FAQ :

The Institute of Chartered Accountants of India (ICAI) is inviting suggestions.

The Pre-Budget Memorandum is a key document providing input to the Government of India for formulating its annual Budget.

Suggestions are being sought for Direct Taxes, including International Taxation.

Suggestions are requested for widening the tax base, increasing tax revenue, checking tax avoidance, reducing litigation, rationalising provisions, and removing administrative difficulties.

Suggestions must be submitted by 10th October, 2023.

Suggestions can be submitted online via the link: https://appforms.icai.org/preBudgetSuggestion/index.html

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