Digital Infrastructure Providers Association (DIPA) has written to Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, seeking support for telecom infrastructure industry in the Union Budget 2024-25.
DIPA has highlighted that the telecom infrastructure industry urges government support for the availability of input tax-credit on the telecom towers, increase in tax depreciation rate from 15 per cent to 65 per cent on batteries for industrial/commercial use to ensure cost recovery within 3 years’ economic life of the batteries and rationalisation of tax deducted at source (TDS) provisions on purchase of electricity/purchase of diesel u/s 194Q.
Commenting on the recommendations, T.R. Dua, director general, DIPA, said, “The budget should outline supportive policies, simplified regulations, and simple GST norms to aid in the development of the telecom infrastructure industry.”
Dua further added, “The measures to facilitate the ease of doing business will increase investment and contribute to the telecom industry’s long-term growth. We are looking forward to the government’s support in this.”
