AMCHAM’s Taxation, Tariff and Regulatory Affairs Committee participated in a pre-budget meeting with the Chairman, CBDT on June 4th, 2019 at the Ministry of Finance, North Block, New Delhi. The meeting was chaired by Mr. P.C. Mody, Chairman, CBDT. Mr. Akhilesh Ranjan, Member, CBDT and other functionaries attended the meeting. AMCHAM was represented by Mr. Sandeep Chaufla, Chairman – Tax, Tariff & Regulatory Affairs Committee, AMCHAM and Mr. Naveen Agarwal, Co-Chairman – Tax, Tariff & Regulatory Affairs Committee, AMCHAM and Wg. Cdr. Rajiv Anand, Program Director, AMCHAM. AMCHAM made a presentation and highlighted issues that merit review of various aspects of taxation currently impacting U.S. companies in India.
Some of the issues discussed included: corporate tax rates – case for reduction, replacing DDT with TDS on dividends, digital taxation – SEP related issues, business reorganization – rationalization, Authority for Advance Rulings (AAR) – clarifications, Special Economic Zones (SEZs) – making it attractive for developers/units, among other topics. An exhaustive ‘Pre-Budget Memorandum 2019-20 for Direct Taxes’ was also handed over to the GoI.
By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.