https://www.taxtmi.com/news?id=13930 ICAI's Pre Budget Memorandum 2015 recommends administrative modernization (widen TDS/TCS, e filing, reconciliation of bank and AIR data, chip enabled PAN, consolidated ITR/audit formats, online grievance portal), taxpayer centric service improvements, and targeted transaction reporting (TCS on luxury goods and high value vehicles). It proposes extensive substantive amendments: clearer definitions, tax treatment for amalgamations/OPCs/LLPs, foreign tax credit guidance, royalty/software/telecom clarifications, capital gains rules, deduction and depreciation adjustments, MAT credit carry forward, and wealth tax threshold and exemption changes to promote productive investment. en-us Wed, 11 Feb 2015 18:21:18 +0530 Wed, 11 Feb 2026 15:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13930 ICAI's Pre Budget Memorandum 2015 recommends administrative modernization (widen TDS/TCS, e filing, reconciliation of bank and AIR data, chip enabled PAN, consolidated ITR/audit formats, online grievance portal), taxpayer centric service improvements, and targeted transaction reporting (TCS on luxury goods and high value vehicles). It proposes extensive substantive amendments: clearer definitions, tax treatment for amalgamations/OPCs/LLPs, foreign tax credit guidance, royalty/software/telecom clarifications, capital gains rules, deduction and depreciation adjustments, MAT credit carry forward, and wealth tax threshold and exemption changes to promote productive investment. News - Wed, 11 Feb 2015 18:21:18 +0530 https://www.taxtmi.com/news?id=13930