ICAI Invites Suggestions for Pre-Budget Memorandum-2021 ICAI Invites Suggestions for Pre-Budget Memorandum-2021 Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Professional Updates »

Open DEMAT Account in 24 hrs
77th Annual Report and Accounts of the Institute for the year 2025-26
Merit List of the Information Systems Audit [ISA] Assessment Test held in July 2026.
One-time Opportunity for Eligible CA Final Pass Candidates to complete Virtual Advanced Information Technology Training (Adv. ITT) and Management & Communication Skills (MCS) Course to apply for membership of ICAI.
Announcement - Increase in the time limit for transfer of Goodwill of a proprietary firm of a deceased member from one year to three years
Announcement - Implementation of ICAI (Global Networking) Guidelines, 2025.
Public Announcement on unauthorized access to ICAI Digital Platforms
Inviting nomination for ICAI 40 under 40 - CA Business Leader Award Season-5 in association with Zee Business.
Announcement - Implementation of ICAI (Global Networking) Guidelines, 2025.
ANNOUNCEMENT - Decision taken by the Council regarding tenders
Inviting Public Comments on the Proposed Stipend rates payable to Articled Assistant undergoing 2 years of practical training under the New Scheme of Education & Training.
Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961' for Public Comments.

« Exposure Draft of Interest Rate Benchmark Reform - Phase 2...

Important Announcement November-2020 CA Examinations ... »

ICAI Invites Suggestions for Pre-Budget Memorandum-2021

October, 31st 2020

Direct Taxes Committee
The Institute of Chartered Accountants of India
28th October, 2020

ICAI Invites Suggestions for Pre-Budget Memorandum-2021

The Direct Taxes Committee, GST & Indirect Taxes Committee and Committee on International Taxation of ICAI are in the process of identifying issues for inclusion in the Pre-Budget Memoranda - 2021 to be submitted to the Ministry of Finance or respective State Ministry. Suggestions under the following heads are invited on laws relating to Direct Taxes (including International Taxation) and Indirect Taxes:

Direct Taxes (including International taxation)	Submission details
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	Suggestions may be submitted at the link: https://appforms.icai.org/preBudgetSuggestion/index.html
Indirect Taxes
Goods & Services Tax Customs Law Central Excise Law (to the extent applicable on specific goods) The suggestions for widening the tax base, increasing the tax revenue, check tax avoidance and to reduce/minimize litigations may also be provided.	Suggestions may be submitted at the link: https://appforms.icai.org/preBudgetSuggestion/index.html

Suggestions may be submitted latest by 7th November, 2020