ICAI seeks tax incentives for entities engaged in green energy projects
New Delhi, Chartered accountants' apex body ICAI has proposed separate deduction of expenses related to education of a girl child in the tax regime as well as tax incentives for entities engaged in green projects and skill development activities. The Institute of Chartered Accountants of India (ICAI) has submitted its Pre-Budget Memorandum 2024 to the Central Board of Direct Taxes (CBDT). The full budget for the current financial year 2024-25 will be presented by the new government.
The counting for the Lok Sabha polls is on June 4. One of the proposals is for having a separate provision for deduction of expenses relating to education of girl child both under the default tax and alternative tax regimes.
Other significant suggestions relating to the personal taxation regime include provisions of deduction for mediclaim premium paid under the default tax regime, regular enhancement of standard deduction and option of joint taxation for married couples, the ICAI said in a release on Monday.
