Shardul Amarchand Mangaldas & Co’s Post

Partner, Shashank Mishra comments on the allocation for Production Linked Incentive (PLI) for electronics and IT hardware under the #budget2024.   He said, "For 2024-25, the Government's allocation for Production Linked Incentive (PLI) for electronics and IT hardware is 30% higher than last year's, as already announces in the Interim Budget. This area continues to be priority for the Government, especially in light of other announcements on changes in duties for electronics and telecom."   Read More: https://lnkd.in/gZJkqXHZ   #Budget2024withSAM #PLI #views #informationtechnology #telecom Communications Today

The Government will provide financial support for loans upto INR 10 lakh for higher education in domestic institutions, Union Finance Minister Nirmala Sitharaman announced on Tuesday. Partner Inder Mohan Singh shares his views on Budget 2024 with regards to the Education Sector. #Budget2024withSAM #views #educationsector #Budget2024

Partner Anoop Rawat applauded the recent proposal by the Finance Minister to set up an integrated technology platform to improve the outcomes under the Insolvency & Bankruptcy Code (IBC). Commenting on this, Anoop said, “The integration of all pillars of IBC ecosystem through a tech platform will increase the utility and efficiency of CIR process. The improvement in legislative framework and increased strength of tribunals is expected to bring more efficiency in the process.” #Budget2024withSAM #ibc #reforms #views https://lnkd.in/gNNwuRtq

Finance Minister Nirmala Sitharaman announced several measures aimed at providing relief to the middle class and boosting job creation. She introduced tax reforms, including the abolition of 'angel tax' for all startup investors, reduction of customs duty on mobile phones and gold, and simplification of capital gains tax.   SAM & Co. Tax Practice Team decodes Budget 2024-25. #Budget2024withSAM #views #insights #tax   You can read our insights by clicking on the link below:   https://lnkd.in/gfPCyBtP

Partner Gouri Puri, shared her views on the proposal to slash corporate tax from 40% to 35% to attract foreign companies to set up permanent base in India.   "The cut in the corporate tax rate would level the playing field between a foreign company looking to set up a branch office in India and an Indian company carrying out Indian business operations as rates were disproportionately higher for foreign companies than for the Indian companies", said Gouri. The Economic Times   #Budget2024withSAM #Corporatetax #Foreigncompany #India #Tax https://lnkd.in/gb-W9_nq

“The Budget aims to strike a balance between fiscal prudence and growth, delivering a mixed bag of outcomes. The surprise increase in long-term capital gains tax rates has raised initial concerns about potentially discouraging investments and impacting market sentiment. However, we must wait to see more details”, opines Partner Nivedita Tiwari. #Budget2024withSAM #views #digitaleconomy #budget2024

The Times Now panel discussion on the Union Budget featured our Partner Gouri Puri , who shared her views and highlights around Budget 2024, that was presented in the Parliament yesterday.   Speaking about the positive takeaways, Gouri mentioned the bold tax proposals for direct taxation, abolishment of certain taxes which will assist the startup community and the rationalisation of capital gains tax rates regime which has been simplified. Gouri further discussed certain trade-offs like - the increase in taxation of long-term and short-term capital gains by 2.5% and 5% respectively. Overall,  it’s a decent budget that has catered to the industry demands, she said.   #Budget2024with #views #Directtax #Capitalgains #Assessment

FM Nirmala Sitharaman in her Budget speech yesterday said that the Union Government will prepare a vision and strategy document for the financial sector to meet the financial needs of the economy. Partner Shilpa Mankar Ahluwalia notes that a single co-ordinated strategy can solve for a lot of duplication of processes and regulation across financial services. #Budget2024withSAM #views #financialsector #regulations

The Central Government on Tuesday, July 23, allocated ₹13,042.75 crore to the space sector as part of the Union Budget 2024-25. Additionally, Finance Minister Nirmala Sitharaman announced that the Government will establish a venture capital fund worth ₹1,000 crore to boost India's space sector. According to Partner Ankita Kumar, "Deployment of substantial domestic resources towards nation's NewSpace sector is poised to position India as a formidable player in the global space economy while prioritizing self-reliance (atmanirbharta).”  #Budget2024withSAM #views #spacesector #fdi

The Annual Budget 2024 was presented by the Finance Minister on July 23, 2024. The Modi Government in the past 10 years has introduced various ambitious policies and schemes including 'Atmanirbhar' (self-reliant) Bharat - promoting domestic manufacturing, and latest vision of 'Viksit Bharat' (Developed India) by 2047. We are pleased to share with you our Budget Insights summarising key amendments proposed in direct and indirect taxes. #Budget2024withSAM #insights #taxproposals #Budget2024 Click on the link below to read our insights: https://lnkd.in/gfPCyBtP Sanjiv Malhotra; Rajat Bose; Gouri Puri; ROHIT GARG; Aayush Nagpal