The interim Budget for the fiscal year 2024-25 envisions ‘Viksit Bharat’ by 2047 by achieving all-round, all-pervasive and all-inclusive economic development. In line with the convention, no changes in the tax rates are proposed in the Budget, including the rate of taxes for import duties. However, certain amendments are proposed to ensure continuation of tax benefits to start-ups, sovereign wealth funds, pension funds and IFSC unit which were expiring on March 31, 2024.
Please click here to read the full article by Manish Mishra, published in Hindu BusinessLine.
Manish has more than 23 years of experience in Indirect taxation across Industry, Consulting and law firms.