The Lok Sabha today resumed discussion on the Finance Bill, 2024. Union Finance Minister Nirmala Sitharaman is expected to reply to the discussion this evening. Meanwhile, participating in the discussion, Jagdambika Pal of BJP said, the Finance Bill will help in achieving the targets set in this years’ budget for making India a developed nation. He said, the present budget will simplify the taxation system in the country. He lauded the government’s decision of abolishing the Angel Tax saying it will provide big relief to the country’s startup ecosystem. He said the government is working to make the country the third largest economy in the world.
Muhammed Hamdullah Sayeed of Congress alleged that the government is giving more leverage to Corporates and their tax liabilities are less as compared to taxes paid by people. He urged the government to relook its decision related to the indexation issue. The discussion is underway.
