News > US industry urges FM to rationalise simplify direct and indirect taxes in India
US industry urges FM to rationalise simplify direct and indirect taxes in India
28/01/2023 11:39 AM | Click to read full article
Ahead of the annual budget presentation, US-India Strategic and Partnership Forum (USISPF) has urged Union Finance Minister Nirmala Sitharaman to simplify and rationalise direct and indirect taxation system in India, a move it believes would increase the confidence of global investors and yield greater foreign direct investment. Urging India to simplify capital gain tax reforms, USISPF sought harmonising holding periods and rates of different instruments.