The Income Tax Bill 2023, which was placed in Parliament on Thursday, has made changes in the definition of a company, bringing in English medium schools and private universities, trade organisations and NGOs under the corporate tax purview. According to the new definition, cooperative associations, micro-credit organisations, government organisations, local authorities and
The energy crisis has featured dominantly as businesses scanned the proposed budget to see what they got to move forward and what more they need. They suggest, at a time of acute shortage, energy now needs more allocation than sectors like road transportation to ensure uninterrupted supply to industries to help them run at full capacity, give more revenue to the exchequer, and