Sunday, 28 July, 2024

I-T Relief Aims to Help Loss-Making Firms Conserve Working Capital

The Indian government is offering income tax relief to loss-making companies to help them conserve working capital. This measure aims to alleviate financial pressures on struggling businesses by allowing them to defer tax payments. The initiative is designed to provide temporary relief enabling companies to maintain operations & invest in growth during challenging economic conditions. The policy reflects the government's effort to support corporate sector amidst a fluctuating market environment.