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Tax sops likely for brownfield projects
The New Indian Express Kochi
|January 21, 2025
FACED with slow uptake in private investment, the government may announce some tax sops in the Budget this year for encouraging new investments by companies.
As per sources, the discussion is around extending concessional tax rate to brownfield projects undertaken by existing companies.
The government had earlier announced a concessional tax rate of 15% to new domestic manufacturing companies. The offer was for companies which were set up and registered on or after October 1, 2019. The scheme was available till March 31, 2024.
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