Budget 2024 Highlights: Key Takeaways from Finance Minister Nirmala Sitharaman’s Speech

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Finance Minister Nirmala Sitharaman presented the Union Budget 2025, with a focus on stability and growth. Here are the key highlights from her speech:

Direct and Indirect Tax:
➤ No changes in direct and indirect tax, including import tax
➤ Existing tax rates for both direct and indirect taxes retained
Tax break for start-ups and investments by sovereign wealth funds extended to March 31, 2025
➤ Emphasis on improving taxpayer services
➤ Ongoing tax reforms have widened the tax base and boosted tax collections
➤ Government to withdraw old disputed tax cases to ease litigation burden

Stay tuned for more updates on how these changes will impact various sectors and the economy!

Nikhil Kumar Jha
Nikhil Kumar Jhahttp://moneyphobia.in
I a finance writer with 2+Year of Exp in financial topics. With BBA in Finance degree, content writer, SEBI-certified investor, and stock market enthusiast.

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