CLARITY IN TAX LAWS, STABLE TAX REGIME, NON-ADVERSARIAL TAX ADMINISTRATION, DISPUTE RESOLUTION AND INDEPENDENT JUDICIARY – THE THEME OF TAX PROPOSALS
Presenting the Union Budget in the Parliament today, the Finance Minister Shri P.Chidambaram underlined the theme of the tax proposals to be based on the following parameters:-
- Clarity in tax laws.
- Stable tax regime.
- Non-Adversarial tax administration
- Fair mechanism for dispute resolution
- An independent judiciary
The Finance Minister said that the above parameters formed the underlying theme of his tax proposals both on the direct taxes side and on the indirect taxes side.