December 18, 2018
Minister of State, Finance will inaugurate a Conference on Tax Laws & Systems in India and Way Forward on 19th Dec, 2018 from 10.00 am at PHDCCI
The PHD Chamber of Commerce and Industry is organizing a Conference on “Tax Laws &Systems in India and Way Forward”to discuss some of the topical issues related to simplification, rationalization and adoption of best practices in Indian tax laws and Way forward.
Minister of State for Finance Mr Shiv Pratap Shukla will be the Chief Guest at the Conference in which CBDT Chair, Mr Sushil Chandra shall be the Guest of Honour. The Conference would be addressed by Senior Government Officials, National Tax Experts, Corporate Leaders and Eminent Professionals and participants include representatives of leading Companies, Senior Corporate Executives, Tax Consultants, Professionals and Senior Government Officials.
A Task Force has been formed by the Government for making recommendations for improvements in the Indian Income Tax Act. This report has to be completed by 28th February, 2019. Mr Akhilesh Ranjan, Convenor of the Task Force & Member, CBDT shall also be participating in the Conference as a Special Guest. It is our endeavour to make recommendations to the Task Force and the Government, based on suggestions received at the Conference.
The summary of the conference will be condensed in the policy advocacy document of the Chamber for its subsequent submission to the Government.
In a statement issued here today, Mr Anil K Chopra, Chair, Direct Taxes Committee, PHDCCI, said that the Conference would provide a platform for discussing issues and difficulties in existing income tax law and systems and suggestions for improvement in the future from the balanced view of both tax payers and tax administrators.
The Conference aims to promote an informed dialogue on “Tax Laws & Systems in India and Way Forward”. The conference topics include: –
· Simplification, rationalization and adoption of best practices in Indian tax laws · Rights and obligations of tax payers and tax administrators- removal of difficulties and increasing efficiencies · Penalties and prosecutions · Assessments, Appeals and Revisions · Dispute resolution and litigation reduction · Recommendation for making India a competitive preferred destination
The Conference topics would be deliberated in detail and be interactive. The discussions would focus on giving suggestions for increasing efficiencies and compliances and for removal of difficulties so as to make India a competitive preferred destination.
Koteshwar Prasad Dobhal