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Centre tables tax reform bill to boost electronics manufacturing and investment

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The Indian government has introduced the Taxation and Other Laws (Amendment) Bill, proposing significant reforms to the country's tax framework. The bill extends tax exemptions on capital goods supplied to domestic manufacturers, particularly targeting growth in the electronics manufacturing sector. It also seeks to simplify digital payment regulations and offer financial relief to business trusts. The legislation replaces an existing ordinance and incorporates stakeholder consultations as part of the lawmaking process.

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