Interim Union Budget 2024 | Taxes

As a relief to small taxpayers, old demands will be dropped. A look at reports on the tax structure.

Updated - February 02, 2024 12:31 pm IST

 Union Finance Minister Nirmala Sitharaman with Pankaj Chaudhary (Left) and Bhagwat Kishanrao addressing the media on Union Interim Budget at National Media Centre,  in New Delhi on Thursday.

Union Finance Minister Nirmala Sitharaman with Pankaj Chaudhary (Left) and Bhagwat Kishanrao addressing the media on Union Interim Budget at National Media Centre, in New Delhi on Thursday. | Photo Credit: Sushil Kumar Verma

While maintaining the status quo with respect to direct and indirect taxes, Union Finance Minister Nirmala Sitharaman, in the interim Budget presentation on Thursday, proposed to withdraw small, non-reconciled, and disputed direct tax demands.

Also Read: Puffed-up and poll-ready: Nirmala Sitharaman’s first Interim Budget

Although the interim Budget for 2024-25 did not propose any changes in existing taxation, start-ups are offered certain tax benefits by way of extension of exemptions. Take a look at The Hindu’s reports.

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