New Delhi, Oct. 31 -- The Confederation of Indian Industry (CII) on Friday suggested a comprehensive set of tax reform proposals for the forthcoming Union Budget 2026-27, calling for a decisive move towards a compliance system rooted in trust, simplicity, and technology.

The proposals, covering both direct and indirect taxes, aim to consolidate India's fiscal gains, reduce litigation, and align the country's tax architecture with its ambition of becoming a developed economy under the Viksit Bharat 2047 vision, the industry chamber said in a statement after meeting with the government.

"We are seeing that some of the negative sentiment that happened because of the tariff has been more than mitigated. So, the growth sentiment is strong; w...