The Confederation of Indian Industry (CII) has presented a bold roadmap for reforming India’s tax system, urging the government to build a new “compact of trust, simplicity, and technology” in the Union Budget 2026–27. The recommendations, discussed during a meeting with the Revenue Secretary, aim to create a modern, transparent, and globally benchmarked tax framework aligned with the Viksit Bharat 2047 vision. Advertisement

CII Director-General Chandrajit Banerjee said India’s next economic leap requires a principle-based, technology-enabled, and trust-anchored tax system. He emphasised that taxation should serve as a catalyst for investment, innovation, and competitiveness rather than a source of friction.

Highlighting key pain points, CII noted that more than five lakh appeals involv

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