ICAI Invites Suggestions on Direct and Indirect Taxes for Pre-Budget Memorandum, 2013

The Direct & Indirect Taxes Committees of ICAI are in the process of identifying issues that need to be taken up in the Pre-Budget Memoranda on Direct & Indirect Taxes- 2013 to be submitted to the Ministry of Finance. Suggestions are invited on laws relating to Direct Taxes, Central Excise Duty, Customs Duty, Service Tax and Central Sales Tax for the purpose of inclusion in the Pre-Budget Memoranda, 2013.

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: