Budget should extend PLI scheme to new tech sectors, provide tax certainty: EY India

Key Highlights

• “Additionally, public infrastructure investments in futuristic areas, including AI, GenAI, robotics, and space technology, may induce growth of private investment in these sectors.
• Targeted incentives for the emerging industries will be crucial in driving innovation and attracting both domestic and foreign investors,” Gupta said.
• On the tax front, businesses look for a strong commitment to tax certainty and streamlined compliance processes, he said.
• On the indirect taxation side, EY suggested a one-time settlement scheme under the Customs Law to facilitate the resolution of pending disputes.
• This initiative would follow the successful ‘Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019’, which helped monetise revenue blocked in litigation.