Win For Apple? Govt Moves To Extend Tax Sops For Contract Manufacturers Till 2041

In a major relief for iPhone maker Apple, the Centre has proposed extending tax exemptions till 2041 to ​foreign companies that provide machinery to their contract manufacturers in the country. As per The Taxation And Other Laws (Amendment) Bill, 2026 accessed by Inc42, the tax exemptions will be applicable to the manufacturers of mobile phones, laptops, personal computers, tablets, servers, wearable devices, among others. The amendments also propose tax exemptions to the foreign companies’ inco