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Federal Finance Minister Nirmala Sitharaman is ready to present India’s budget for 2023-24. We reached out to her Kapil Kapoor, Chief Technology Officer at CredAble, to get an idea of what the consumer tech and electronics sector expects from the upcoming budget.
CredAble Chief Technology Officer Kapil Kapoor said of his expectations for the Federal Budget 2023-24: Today, at the forefront of the digital race, India has emerged as one of the world’s most powerful tech hubs. “
“National IT spending is projected to grow at a rate of 2.6% in 2023. Measures to reduce the corporate tax rate will help technology companies gain global market share and become more competitive,” said Kapoor. says Mr.
Kapoor further raised his budget expectations, adding: “
“As well as ensuring transfer pricing safe harbor rules are available to entities with higher turnover, there is also a need for greater clarity in international taxation rules,” Kapoor continued.
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