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FADA seeks vehicle depreciation benefits for income tax payers in Budget 2024

By Economic Times - 2 months ago
The Federation of Automobile Dealers Associations (FADA) urged the government to introduce vehicle depreciation benefits for individual taxpayers to boost automobile demand and expand the taxpayer base. FADA also requested reducing corporate tax for LLPs, proprietary, and partnership firms. These measures aim to stimulate the automotive industry and the broader economy.

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