TAXATION

The Taxation Division of FICCI is the fountainhead of new ideas and fresh concepts on matters relating to taxation.

The division, during the last few years, organized Annual Tax meet, Conference on Economic Legislation; Union Budget; Implications of Finance Bill; Value Added Tax (VAT); CENVAT Credit & Service Tax; National Convention on The Emerging Role of CEOs and CFOs and International Conference on Investment Friendly Tax.

The Annual Tax Conference of FICCI has been the meeting place for tax and corporate laws experts, policy-makers, representatives of industry and academia to brainstorm on the direction in which the reforms have to be carried out in direct taxes, indirect taxes, corporate laws and corporate governance.

The focus of these multidisciplinary discussions has been as to how to make the tax laws structure simple, growth-oriented, progressive and easy to comply with. Also, it has provided the intellectual inputs to the formation of the general budgets.
To discuss relevant issues and in continuation with past, FICCI, in association with OECD, IBFD and European Commission organized a 2-day International Conference. The Conference aimed to ensure that tax laws of India were in tune with current global practices of financial management and Indian laws and policies were integrated with the rest of the world. It provided a forum for the experts and policy makers to understand each other's perspective in respect of legislation affecting international transaction and also to suggest optimum solutions.
The division prepares and submits every year a detailed Pre-Budget Memorandum to the government as also a Post Budget Memorandum after the presentation of the budget.
It also analyzes various issues raised by FICCI members pertaining to Direct/Indirect taxation matters, guides them and where deems necessary makes representations before the concerned authorities for suitable modifications/clarifications. Also, conducts learning programs on various contentious and complicated topical issues for the benefit of constituents members.