Union Budget 2024 | US India Business Council recommends production-linked incentives for media and entertainment industry in upcoming Budget

Category: Business

USIBC advocates for liberalizing the satellite communications industry, easing courier export restrictions, and enhancing tax policies to improve capital flow between India and the US. Recommendations include clarifications on Input Tax Credits, exemptions for employee benefit schemes, and production-linked incentives for the media sector. The organization also seeks tax parity for foreign banks and easier processes for Indian companies to list shares abroad.

Keywords: US India Business Council, Budget 2023, financial services

Source: Deccan Herald

Update At: 7/23/2024

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