Manufacturing companies face uncertainty as budget mentions no extension.
Thu, Feb 1, 2024 2:56 PM

Manufacturing companies face uncertainty as budget mentions no extension.

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Several manufacturing companies will face uncertainty following the interim Union Budget 2024 as the government has not specified any provision to extend the special tax rate of 15 percent applicable to new manufacturing units that begin production before March 31, 2024. This could potentially increase the tax outgo of some manufacturing by 7 percent, say tax experts.

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