Budget expectations 2021

Energy, Resources & Industrials

Top three asks:

  1. Consolidated or group taxation regime for the infrastructure sector 
  2. Deduction in respect of employment of new employees (Section 80JJAA) in the labour-intensive manufacturing and mining sectors - to increase the salary limit to widen the scope of deduction 
  3. A separate ‘Authority of Advance Rulings’ for Customs to boost the “Make in India” initiative
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