What FM Sitharaman stated on boosting tax obligations in Budget 2024 

Finance Minister Nirmala Sitharaman on Friday stated the tax obligations in the Union Budget 2024 have actually not been enhanced due to the fact that the federal government desired even more cash, however to make sure all property courses are dealt with similarly.

At a commercial communication ‘Budget Open House’ arranged by the RP Sanjiv Goenka team in collaboration with CNBC-TV18, Sitharaman stated, “Taxes have not been increased because I want more money… The decision is based on the idea that every asset class has to be treated similarly and nothing more.”

“Nothing is done just with a back of the envelope calculations,” the Finance Minister even more stated.

Sitharaman additionally stated that the federal government is open to all sights and responses on the suggested tax obligation adjustments in the Budget 2024.

She stated, “I will certainly listen to all remarks and tips relative to tax obligation adjustments however the Finance Bill currently resides Parliament.”

The minister was responding to a question where she was asked if the government would review the removal of indexation benefit on the sale of real estate assets after several investors and the Opposition raised concerns about the withdrawal.

#Budget2024|‘Open to hearing comments on #tax changes, but the finance bill now rests in the House,’ the FM (@nsitharaman) informs