F. No.334/10/2025-TRU
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
Room No.146-G,North Block
New Delhi, dated27thOctober, 2025
To,Trade and Industry Associations
Subject: Suggestions from the Industry and Trade Associations for Budget 2026-27regarding changes in direct and indirect taxes
In the context of formulating the proposals for the Union Budget of 2026-27, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same.
3.As can be seen that the Government policy with reference to direct taxes in the medium term is to phase out tax incentives, deductions and exemptions while simultaneously rationalising the rates of tax. It would be also desirable that while forwarding the suggestions/ recommendations,positive externalities arising out of the said recommendations and their quantification are also indicated. You may also like to give your suggestions for reducing compliances, for providing tax certainty and reducing litigations. The Synopsis of your suggestions could be given in the following format
Sr No Issue Justification
4.It may be noted that GST related requests are not examined as part of Annual Budget. Suggestions related to Customs and Central Excise may be forwarded in the following format:
| S. No. | Request | Existing rate of duty | Requested rate of duty | Justification |
Your suggestions and views may be emailed, as word document in the form of separate attachments, in respect of Indirect Taxes [Customs and Central Excise (for commodities outside GST)] to budget-cbec@nic.inand Direct Taxes to ustpl3@nic.in.Hard copies of the Pre-Budget proposals/ suggestions relating to Customs & Central Excise may be addressed to Shri Gaurav Singh, Joint Secretary (TRU-I), CBIC, while the suggestions relating to Direct Taxes may be addressed to Joint Secretary, Tax Policy and Legislation (TPL-I), CBDT. It wouldbe appreciated if your views and suggestions reach us by the 10thNovember, 2025
.Yours sincerely,
Ananya Kumar SinghBudget Officer, Tax Research Unit, Dept. of RevenueTel: 011-2309 5543