tax

Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi

by

The government has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production efforts and benefiting firms such as Apple and Xiaomi. India’s electronics production has more than doubled in the last six years to $115 billion … Read more

Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More

by

The government is set to present the Union Budget for the next financial year on February 1. With only a couple of days until the next budget is revealed, members of India’s Web3 sector have revealed some of the changes to policy and taxation that they are hoping to see during the coming year. In … Read more