ICAI submits Pre-Budget Memorandum for Direct Taxes [Read Memorandum]

ICAI - CA Exam

The Institute of Chartered Accountants in India (ICAI) submitted pre-budget memorandum for direct taxes for the upcoming budget to be announced on 1st February 2018 which contains suggestions for the consideration of the Government while formulating the tax proposals for the year 2018-19.

The suggestions have been broadly categorized under the following heads, Part A comprising suggestions relating to the policy &provisions of Income-tax Act, 1961 and Part B includeing suggestions for improving Tax Administration and Citizen Services.

The suggestions aims at Improving tax collection, reducing litigations, rationalizing provisions of direct tax laws and removal of administrative and procedural difficulties relating to Direct Taxes.

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