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Union Budget 2024 – Highlights on Telecom sector | EY 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%