Finance Minister Nirmala Sitharaman, taking part in the discussion on the consideration and passing of Finance Bill 2024, observed that her government has been taking several decisions to provide relief to the middle class on the personal tax income front.
The Finance Bill for the financial year 2024-2025 which was moved by Union Finance Minister Nirmala Sitharaman on August 6, will be taken into consideration and passing in Lok Sabha on Wednesday.
Real estate industry leaders hailed the proposed amendment by Finance Minister Nirmala Sitharaman in the Finance Bill to give big relief on capital gains tax in property transactions.
According to top government sources, the Waqf amendment bill is likely to be presented after the passage of the Finance Bill, likely this week. Before drafting the amendments, the government consulted various Muslim intellectuals and organisations to ensure comprehensive reforms.
Union Finance Minister Nirmala Sitharaman will move the Finance (No.2) Bill, 2024, for consideration in Parliament on Tuesday to give effect to the financial proposals of the central government for the financial year 2024-25.
The KNCHR has criticised President William Ruto for using brutal force against citizens protesting the Finance Bill 2024, which included unpopular tax hikes.
Kenya, known as East Africa's one of the more economically developed and politically stable countries, experienced protests where demonstrators expressed their anger against President William Ruto, demanding his resignation due to the introduction of the Finance Bill 2024, which included tax
In an amendment to Finance Bill 2024, which was presented to the National Assembly on June 12, the government reduced the Petroleum Development Levy (PDL) on diesel and petrol from Pakistani Rupees (PKR) 80 to PKR 70 per litre but increased it from the existing PKR 60.
Pakistan's parliament on Friday passed a tax-heavy finance bill for the upcoming fiscal year amid ongoing negotiations for a new International Monetary Fund (IMF) bailout.
Kenya, a nation often praised for its stability, has been witnessing escalating protests over the bill, which the government introduced to rein in public debt, CNN reported.