Interim Budget 2024: Tax navigation, BEPS 2.0 and energy transition

In the latest episode of our podcast series on the Interim Budget 2024, EY India Energy Tax Leader Raju Kumar, discusses the critical areas within direct taxation, potential changes in the upcoming budget, and the significance of Base erosion and profit shifting (BEPS) 2.0. He also shares insights on the pivotal role that the upcoming budget can play in shaping India's energy sector, particularly amidst the ongoing energy transition, various policy considerations, and the potential impact of BEPS 2.0 on India's energy policies.

In conversation with:

Raju Kumar

Raju Kumar
EY India Energy Tax Leader

Key takeaways

Interim Budget 2024 may focus on corporate tax changes, including BEPS 2.0 implications for multinationals and manufacturing incentives.
Tax evasion can be addressed through enhancement in technology, streamlined procedures, and robust taxpayer identification and registration.
Budget 2024 has the opportunity to set the tone for India’s energy transition, focused on enhancing energy resources through various sources, grid resilience, and decarbonization.

Interim Budget 2024 may include corporate tax shifts and anti-evasion strategies and has the potential to pave the way for the transition of India’s energy sector.

EY India Energy Tax Leader

For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript.

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Podcast

Duration 10m 38s

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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.