Key Highlights of Interim Budget 2024-25: Changes under the Income Tax Law

Bimal Jain | Last updated: 02 February 2024

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The Interim Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, highlights significant positive transformations in the Indian economy over the past decade. It proposes several amendments to the Income Tax Act, 1961, aimed at improving ease of living and doing business, which will take effect from April 1, 2024. Key achievements include a trebling of direct tax collections and a substantial increase in return filers.

Direct Tax Interim Budget for 2024-25 is presented by Hon'ble Finance Minister Smt. Nirmala Sitharaman today i.e. February 01, 2024 and highlighted that the Indian economy has witnessed profound positive transformation in the last ten years. The people of India are looking ahead to the future wit

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About the Author

Bimal Jain

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FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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