Centre moves Taxation and Other Laws (Amendment) Bill, proposes major reforms

The government has unveiled a progressive bill introducing substantial tax reforms and incentives designed to stimulate investment and enhance the electronics manufacturing sector. Key features include extended tax exemptions for capital goods supplied to local manufacturers and streamlined digital payment regulations. Furthermore, it aims to provide relief to business trusts while replacing an existing ordinance and ensuring consultations with stakeholders are integrated into the legislative...

By PRIYANKA JAISWAL