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

23 Jul 2024 PDF
Subject Alerts
Categories Direct Tax
Jurisdictions India

The key highlights are:

  • Enhanced budget allocation towards Bharatnet, Incentive schemes and capital infusion in BSNL 
  • FDI and ODI regulations to be simplified to facilitate promote the use of INR for overseas investment
  • Comprehensive review and simplification of Income-tax Act, 1961 to be undertaken
  • VSV Scheme 2024 proposed to be introduced for resolution of certain pending income tax disputes
  • Custom duty on PCBA of specified telecom equipment has been increased from 10% to 15%

Show resources

  • Download: Union Budget 2024 - Telecom sector Highlights