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Budget 2024: How extending concessional corporate tax rate can boost India’s manufacturing ecosystem

By Economic Times - 10 months ago
Budget 2024: India's manufacturing sector has been a key driver of the economy. The government introduced section 115BAB in the Income-tax Act, offering a reduced tax rate of 15% to newly established domestic manufacturing companies. The sunset date for this incentive has been extended to March 2024, but industry players are calling for a further extension.

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