Tax experts are expressing concern over the broader definition of 'export incentives' introduced in the Income-tax Act, 2025. This change, particularly in Section 26, replaces the more specific provisions of Section 28 from the Income-tax Act, 1961. The new wording could unintentionally expand the tax net to include indirect benefits, which were previously not taxable. Experts like Vivek Jalan from Tax Connect Advisory Services emphasize that this shift might lead to the taxation of notional benefits, such as savings from customs duties under the Export Promotion Capital Goods (EPCG) scheme. Bimal Jain from A2Z Taxcorp echoes these concerns, stating that the broad terminology introduces uncertainty regarding the taxability of non-monetary benefits. Anil Bhardwaj from the Federation of Indian Micro and Small & Medium Enterprises (FISME) warns that this could undermine the competitiveness of MSMEs by taxing unrealized gains. While some experts see the broader definition as a simplification, they stress the need for clear guidelines from the CBDT to prevent disputes and ensure uniform implementation of tax laws.