I couldn't find any specific news articles discussing a 28% decline in company income tax due to economic hardship in Q3 2024. However, I did come across some information on the Indian government's expectations for the 2025 budget, which might be relevant.
It seems that various industries, including electronics, healthcare, and finance, are expecting relief measures and incentives to boost economic growth. Some of the expectations include:
- *Tax Incentives*: Reduction in GST rates, tax relief for R&D investments, and incentives for adopting emerging technologies like AI and blockchain.
- *Infrastructure Development*: Increased allocation to digital infrastructure, expansion of charging networks for electric vehicles, and development of sustainable manufacturing ecosystems.
- *Job Creation*: Measures to drive job creation, skill development programs, and incentives for MSMEs.
While this information doesn't directly address the decline in company income tax, it does provide insight into the economic challenges and expectations for relief measures in the upcoming budget.
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