Senate Approves Tax Credit for Acquisition and Installation of Solar Systems at Places of Residence
As part of efforts to increase the use of renewables in the country, the Government is providing income-tax credit to individuals who acquire and install a solar photovoltaic system at their primary place of residence. The Senate, on Friday (July 26), approved the Income Tax (Amendment) Act, 2024, which sets out the appropriate legal framework that will allow individuals to...