Tax Cut Bill 2024 In India. — in first budget of narendra modi's third term, union finance minister nirmala sitharaman rejigs tax slabs, hikes capital gains tax, abolishes angel tax for corporate sector, announces assistance for bihar and andhra pradesh. This move, considered for the july budget after the bjp’s electoral setback, aims to address inflation and unemployment concerns.
— in first budget of narendra modi’s third term, union finance minister nirmala sitharaman rejigs tax slabs, hikes capital gains tax, abolishes angel tax for corporate sector, announces assistance for bihar and andhra pradesh. The taxation of capital gains has been rationalised and simplified.
