Key amendments proposed in Union Budget 2024 in respect of technology sector

23 Jul 2024 PDF
Subject Alerts
Categories Direct Tax
Jurisdictions India

The Hon’ble Finance Minister, presented the Union Budget 2024 on 23 July 2024 in the Lok Sabha.

The key highlights in respect of technology sector are:

  • Comprehensive review of ITL
  • Reduction in TDS rate on e-commerce transactions from 1% to 0.1%
  • Withdrawal of EL on e-commerce supply of goods or services
  • IT and Electronics Industry: focus on domestic value addition and rate rationalization
  • BCD exemption extended up to 31 March 2029, on certain good

Show resources

  • Download: Union Budget 2024 - Technology sector