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India Enacts Finance Act 2024 with Limited Tax Measures

|Approved Changes|India
India

India's Central Board of Direct Taxes (CBDT) has published a copy of the Finance Act 2024, which was enacted on 15 February 2024 for the implementation of the Union Budget for 2024-2025. As previously reported, the tax measures of the Budget are relatively limited and include:

  • Exemption under Section 10(4D) in relation to income derived on the transfer of capital assets on a recognized stock …

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