Current Affairs-Indian Government's Union Budget 2013-14: Clarity in Tax Laws, Stable Tax Regime, Non-Adversarial Tax

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.