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Nasscom's Pre-Budget Memorandum 2024-25
Nasscom's Pre-Budget Memorandum 2024-25

December 28, 2023

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Based on feedback from the Industry, we have submitted a detailed memorandum of suggestions for the Union Budget 2024-25 to Ministry of Finance (MoF).

Given that the Budget on February 1, 2024 will be an interim budget, our suggestions do not contain policy level recommendations, except one – enabling direct listing in India of foreign incorporated Indian origin start-ups with India as a key market. There are many such start-ups which got incorporated abroad but now would like to consider listing in India without taking on a huge cost in the present scheme of things.

The focus of our suggestions is on:

  1. Ease of doing business under corporate taxes
  1. Reducing compliance burden and providing tax certainty
  2. Effective management of tax litigation
  1. Ease of doing business under Transfer Pricing

Our Pre-Budget Memorandum 2024-25 is attached for your reference. In case of any query, please write to tejasvi@nasscom.in


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