ICAI Invites Suggestions for Pre-Budget Memorandum-2014

The Direct Taxes Committee, Indirect Taxes Committee & Committee on International Taxation of ICAI are in the process of identifying issues for inclusion in the Pre-Budget Memoranda- 2014 to be submitted to the Ministry of Finance. Suggestions are invited on laws relating to Direct Taxes (including International Taxation) and Indirect Taxes for the same.

Suggestions relating to Direct Taxes are invited 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 are invited to cover the following:

• Central Excise Law
• Customs Law
• Service Tax Law
• Central State Tax Act, 1956