ICAI submits the Pre-Budget Memoranda-2023

ICAI submits the Pre-Budget Memoranda-2023

ICAI submits Pre-Budget Memoranda-2023

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

Read More on Page No. 4

Read More on Union Budget 2023-24

Read More on ICAI

CA Cult