FICCI urges India's 2026-27 budget to fix tax delays, simplify rules, and boost investor confidence.

FICCI has urged India’s 2026-27 Union Budget to address tax and customs reforms, citing a 5.4 lakh-case backlog in tax appeals worth over ₹18 lakh crore. Key demands include faster dispute resolution through virtual hearings, time-bound targets, and stay on tax recovery for long-pending cases. The group seeks simplified TDS rules, bank guarantees as alternative security, and clarity on foreign firms’ tax liability when storing components in India. It also calls for better coordination between tax authorities, streamlined customs processes, and expanded advance ruling benches to boost investor confidence and ease compliance.