Tax extensions extended for startups and businesses in Gujarat’s GIFT City, as well as sovereign funds and foreign pension funds will attract new investments in the long run.
There are some old disputed tax demands some of them dating back to 1962 causing anxiety to the honest tax payers. Which is why, Finance Minister proposed to withdraw outstanding direct tax demands of upto ₹25,000 to 2009-10
The crypto industry players assert that the virtual and digital assets (VDA) industry was looking forward to slashing of capital gain tax rate and TDS, however, their hopes have not been dashed, albeit pushed to a later date