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.

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DSM/RC/nb/36

(Release ID :92754)

Clarity in tax laws promotes a stable tax regime, non-adversarial administration, fair dispute resolution and judicial independence. Tax proposals are guided by five parameters: clarity in tax laws, a stable tax regime, non-adversarial tax administration, a fair mechanism for dispute resolution, and an independent judiciary, collectively informing direct and indirect tax policy.