ICAI submits Pre-Budget Memoranda-2023

Posted on    08 December 2022

PRE-BUDGET MEMORANDUM - 2023
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 - 2023 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 2023-24.

 

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

Click here to download the complete memoranda



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