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Hail-a-tax to catch a ride: Budget focuses on MSP assurance, tax adjustments & sectoral reforms despite implementation challenges

By Economic Times - 3 months ago
The 2024 budget focuses on key stakeholders including the poor, women, youth, and farmers, aiming to address their needs through various initiatives. Highlights include the reiteration of a 50% margin over production cost for MSPs, though previously announced and now reaffirmed, drawing close scrutiny. Other sectors such as direct tax rates see adjustments, with reductions in short-term and long-term capital gains taxes, and adjustments to corporate tax rates for foreign entities.

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