Budget 2024 Expectations Highlights: Global minimum tax legislation likely to be proposed on July 23

Budget 2024 Expectations Highlights: There is a lot of anticipation and rumours about the benefits the Finance Minister could reveal for taxpayers as the Budget draws near. An rise in the standard deduction cap is one such projected benefit.
 

Budget 2024 Expectations LIVE: Experts speculate on pre-budget expectations from SEZ perspective

Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India shared views and speculations on pre-budget expectations from SEZ perspective. She said, the market expects union budget to provide clarity on the future of SEZ law (e.g. continuation of present SEZ Act or introduction of proposed DESH bill) specially in the context of the first 100 days plan of MOC with respect to changes in SEZ law (NFE, payment of input taxes rather than Customs duty on DTA supplies by SEZ, etc.) and the steps to generate economies of scale.