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INTERIM BUDGET PROPOSES TO RETAIN TAX RATES FOR DIRECT AND INDIRECT TAXES

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....NTERIM BUDGET PROPOSES TO RETAIN TAX RATES FOR DIRECT AND INDIRECT TAXES <br>Budget<br>Dated:- 1-2-2024<br><BR>INTERIM BUDGET PROPOSES TO RETAIN TAX RATES FOR DIRECT AND INDIRECT TAXES RELIEF FOR CER....

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....TAIN OUTSTANDING DIRECT TAX DEMANDS TO BENEFIT NEARLY 1 CRORE TAXPAYERS "Keeping with the convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rate....

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....s for direct taxes and indirect taxes including import duties," said the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Interim Budget 2024-25 in the P....

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....arliament today. To ensure continuity in taxation, the Union Finance Minister proposed to extend certain tax benefits to start-ups and investments made by sovereign wealth or pension funds and tax ex....

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....emption on certain income of some IFSC units till 31.03.2025. In line with the Government's vision to improve ease of living and ease of doing business, and to provide a relief to a large number of p....

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....etty, non-verified, non-reconciled or disputed direct tax demands, many of them dating as far back as the year 1962, Smt. Sitharaman proposed to withdraw such outstanding direct tax demands up to &#83....

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....77;25,000 pertaining to the period up to financial year 2009-10 and up to &#8377;10,000 for financial years 2010-11 to 2014-15. This is expected to benefit about one crore tax-payers.<BR> News - Press....

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.... release - PIB....