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Suggestions from the Industry and Trade Associations for Budget 2016-17 regarding changes in direct and indirect taxes.

Dated:- 9-10-2015 - F.No.334/10/2015-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit **** Room No.153, North Block New Delhi, dated the 8th October, 2015 To Trade and Industry Associations Subject: Sir/Madam, In the context of formulating the proposals for the Union Budget of 2016-17, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rate .....

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modity. It would not be feasible to examine suggestions that are either not clearly explained or which are not supported by adequate justification / statistics. Further, as regards direct taxes, while forwarding your proposals, please take into consideration the Budget announcement made in Union Budget 2015-16 to reduce the rate of Corporate Tax from 30% to 25% over the next 4 years along with rationalization and removal of various kinds of tax exemptions and incentives. The Synopsis of your sug .....

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