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ICAI submits Pre-Budget Memoranda-2020

Posted on 07 December 2019,    
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1.1 The Council of the Institute of Chartered Accountants of India considers it a privilege to submit this Pre-Budget Memorandum - 2020 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 2020-21.

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

To read more in details, find the enclosed attachment

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