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India proposes extending tax breaks for contract manufacturing in a boost for Apple

The Hindu — Business · 3 Aug 2026, 4:38 pm

India proposes extending tax breaks for contract manufacturing in a boost for Apple

Apple had feared that, ‌unlike in China, tax laws in India could treat ownership of machinery supplied to its contract manufacturers as so-called “business connection”, exposing its iPhone profits to tax

Read the full story at The Hindu — Business

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