Lok Sabha passes Finance Bill 2024 by voice vote
07-Feb-2024 11:47 PM 2997
New Delhi, Feb 7 (Reporter) The Lok Sabha on Wednesday passed the Finance Bill 2024 by voice vote after discussion. Replying to the discussion on the Bill, Minister of State for Finance Pankaj Chaudhary said that there has been no change in income tax rates. The Finance Bill provides for extending tax benefits to start-ups and investments made by sovereign wealth funds or pension funds till March 2025. Tax exemption on certain income of IFSC units has also been extended by a year to March 31, 2025. The MoS Finance stated that despite Lok Sabha polls the government had not effected any change in tax provisions barring a few. He said that the interim Budget has accorded priority to growth and development and has reached yet another milestone in the journey towards India becoming a developed country. Participating in the discussion on the Finance Bill, Leader of Opposition (LoP) and senior Congress leader Adhir Ranjan Adhir Ranjan Chowdhury said that the government had not provided any financial relief to common people. He also took on the ruling party and said that they should not suffer from Congress phobia. "Congress remained, Congress remains and Congress will be remaining. No one under the sun will be able to wipe out Congress party from the soil of India," he said. He also spoke about Agnipath-related issues but some of the BJP members objected to this saying the topic was out of the scope of ongoing discussion. Following the passing of the Finance Bill, the House was adjourned to meet at 11 AM on February 8...////...
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