No extension of concessional tax rate: Interim Budget 2024 has disappointed the manufacturing start-up companies by not extending the sunset date for concessional corporate tax rate of 15% beyond March 31, 2024. Some industry experts are of the opinion that this non-extension might impact the government s Make In India initiative.
As this technological marvel gains momentum, it brings along a wave of multifaceted concerns, especially in the domains of education, ethics, privacy and legality.
Gokul Chaudhri, Tax Leader, Deloitte India, discusses the importance of tax reforms to attract capital flows, particularly in the areas of private equity, venture capital, and the start-up ecosystem. He emphasizes the need for predictability and certainty, including simplifying the capital gains regime. Chaudhri also highlights the significance of the energy transition and the role of green bonds and the Production Linked Incentive (PLI) scheme in enabling capital absorption and flow. He references global events such as COP 28 and Davos, where India s growth and regulatory framework were recognized.