Telcos call for tax reforms in telecom sector in Union Budget 2024-25

In their Budget recommendations to the Finance Ministry, telecom service providers have called for the introduction of a special regime for the telecom operators allowing them to carry forward and set off business losses for up to 16 assessment years, from the existing 8 years.

The Cellular Operators Association of India (COAI), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, said it may result in a lapse of losses for those companies who have a longer recovery journey.