ICAI Invites Tax Reform Suggestions for Pre-Budget Memorandum 2027; Deadline August 31

The Institute of Chartered Accountants of India has invited suggestions for its Pre-Budget Memorandum 2027, giving chartered accountants, tax professionals and other stakeholders until 31 August 2026 to submit proposals that may be considered before ICAI finalises its representation to the Government.

What ICAI is asking for

In an announcement dated 18 August 2026, ICAI's Direct Taxes Committee said it has started preparing the Pre-Budget Memorandum for Union Budget 2027. The Committee has sought inputs on tax policy reforms, rationalisation measures, simplification of law and procedures, reduction of litigation, ease of compliance and other matters that may require legislative or administrative intervention.

The request is especially relevant this year because ICAI has asked contributors to anchor their suggestions, where possible, to the Income-tax Act, 2025. That means a useful submission should go beyond a general complaint and identify the provision involved, explain the practical difficulty and set out a workable amendment or administrative solution.

What a strong submission should contain

ICAI has indicated that contributors should provide the relevant legal provision, the nature of the issue, the background and rationale for the change, supporting data or industry experience, the expected benefit of the proposal and, preferably, draft legislative language for the suggested amendment.

The Institute has also encouraged stakeholders to support proposals with practical experience, judicial developments, industry feedback, empirical data or international best practices. ICAI has specifically highlighted ideas that can reduce litigation, improve tax certainty and make compliance easier.

How suggestions can be submitted

Suggestions can be submitted through the official form linked from ICAI's announcement after selecting the appropriate category. ICAI has also provided the I-Kar Pe Charcha mobile application as an alternative submission channel under its Suggestions section.

The deadline is important for practitioners who want recurring compliance problems, interpretational disputes or procedural bottlenecks to be considered at the policy-representation stage. Firms may therefore want to consolidate recurring client issues now rather than wait until the final days of the window.

Tax teams and practitioners planning to send a proposal should focus on a clearly identified problem, show its real compliance or litigation impact and recommend a precise fix. The submission window closes on 31 August 2026, after which the Direct Taxes Committee will examine and consolidate the inputs for ICAI's Pre-Budget Memorandum.

Useful official links

Inviting Suggestions on Pre Budget Memorandum 2027

Key takeaway

The August 31 deadline is imminent and the consultation directly targets tax professionals and practitioners with practical reform suggestions.