In order to bring competitiveness in the global market and for the promotion of Make in India concept, the Government of India has notified Production Linked Incentives (PLI) Scheme to boost domestic manufacturing and exports in focused areas. The purpose is to expand manufacturing sector by incentivising manufacturing companies for incremental sales, to stimulate employment […]

The new tax regime under section 115BAC(1A) was introduced in the Finance Act 2023, as compared to the existing old regime New tax regime is applicable for persons other than companies and firms, is applicable as a default regime from the Financial Year 2023-24 and the Assessment Year corresponding to this is AY 2024-25. Under […]