Key amendments proposed in Union Budget 2024 in respect of power and utilities sector

The key highlights are:
 
  • Rationalization of capital gains tax provisions

  • Removal of exemption for gift by corporate entities

  • Abolition of angel tax provisions

  • Expansion of list of BCD exemption on certain goods

  • Time-limit for BCD exemption on following products extended up to 31st March 2026

Download: Union Budget 2024 - Power Utilities Highlights