PRE-BUDGET MEMORANDUM - 2019
DIRECT TAXES AND INTERNATIONAL TAX
1.1 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Pre-Budget Memorandum - 2019 on Direct Taxes and International Tax to the Government. The memorandum contains suggestions for the consideration of the Government while formulating the tax proposals for the year 2019-20.
1.2 The suggestions have been broadly categorized under the following heads:
Part A : Suggestions relating to the policy & provisions of Income-tax Act, 1961
Part B : Suggestions for improving Tax Administration and Citizen Services
Part C : Suggestions pertaining to International Taxation
1.3 The suggestions are given Chapter wise and are intended to serve the following purpose:
I. Improve tax collection.
II. Reduce/minimize litigations
III. Rationalization of the provisions of direct tax laws.
IV. Removal of administrative and procedural difficulties relating to Direct Taxes
V. Check tax avoidance
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