Pre-Budget Memorandum 2009
on or before May 04, 2009
As you are kindly aware that ICWAI has planned to submit a pre-budget Memorandum for the year 2009-10 to Government of India for the first time based on the valuable inputs received from members in service / practice all over the country. The following broad areas has been identified for inclusion in the Memorandum.
We would sincerely request you to favour with your valuable suggestions / comments under the following broad heads latest by 04th May,2009 to enable us to consolidate and forward the Pre-Budget Memorandum- 2009 to the Government by 29th May,2009.
MACRO ECONOMIC POLICIES
Overall Economic system/ health of the Indian Economy
Economic Policy vis--vis Financial sector
Future direction of economic reforms
Impact of Current Global Recessions and issues to be addressed
Changes in Fiscal and Monetary Systems
Other macro economic suggestions
DIRECT TAXES
Suggestions relating to direct tax policies
Suggestions for widening the tax base & increase in tax revenue
Suggestions for to check tax avoidance, plug leakages in Revenue
Suggestions for streamlining Tax Management Systems
Suggestions for rationalization of the provisions of Direct tax laws to ensure better tax compliance
TAXATION- Individual, Firm, Corporate, LLP Firms etc
Issues pertaining to SEZ/EPZ Sector
Fringe Benefit Tax
Tax Deduction and Collection at Source
Assessment, Appeals and Revisions
Penalties
Any other suggestions where the Members of ICWAI in Practice can contribute for enhancement of tax revenue
INDIRECT TAXES
Suggestions relating to indirect tax policies
Suggestions for widening the tax base & increase in tax revenue relating to Central Excise, Customs and Service tax i
Suggestions for to check tax avoidance, plug leakage of Revenue & streamlining Tax Management Systems
Suggestions for rationalization of the provisions of Indirect tax laws to ensure better tax compliance
Any other suggestions where the Members of ICWAI in Practice can contribute for enhancement of tax revenue
i. Central Excise
Duty Rate Structure
Transaction Value
MRP based Valuation
Cenvat Scheme
Efficiency in Input utilization
Any Other Suggestion
ii.Customs
Duty Rate Structure
Major to protect Indian Industries
Any Other Suggestion
iii. Service Tax
Issues relating to Specific Services
Valuation
Credit for Input Taxes
Any Other Suggestion
iv. Proposed GST
Suggestions for the proposed structure keeping in mind the provisions of VAT legislation
Any Other Suggestion
Your valuable suggestion should reach us at
mohantysc @ gmail.com
technical.sudhir @ icwai.org
studies.chiranjib @ icwai.org
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