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The Finance (No. 2) Bill, 2024 encompasses provisions relating ...


Finance (No.2) Bill, 2024 as passed by Lok Sabha as on 7-8-2024

August 8, 2024

News     Budget

The Finance (No. 2) Bill, 2024 encompasses provisions relating to tax proposals for the Union Budget 2024-25. It outlines amendments to various direct and indirect tax laws, including Income Tax Act, Customs Act, Central Excise Act, and Finance Act. The bill covers changes in tax rates, deductions, exemptions, and compliance measures. It aims to streamline tax administration, promote economic growth, and enhance revenue mobilization. The bill underwent parliamentary scrutiny and was passed by the Lok Sabha, incorporating relevant amendments.

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