ICAI submits Pre-Budget Memoranda-2019

ICAI submits Pre-Budget Memoranda-2019

PRE-BUDGET MEMORANDUM – 2019 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 – 2019 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 2019-20.

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

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