Finance Minister Niramala Sitharaman will announce the last Budget of the Modi 2.0 government on Thursday, February 1, 2024, as India prepares to hold the Lok Sabha election in April-May.
With just a couple of days left for the announcement, we bring to you the key expectations from the interim budget 2024:
-> Focus on Sustainable Development with a broader Economic Objective
-> Changes in the new Income Tax regime making it more beneficial
-> Reduction of GST rates especially for daily consumable items
-> Incentives for Women Entrepreneurs and Professionals
-> Relief for education expenses at both school and higher level
-> Initiatives promoting Mental Health and well-being
-> Emphasis on Sports with a major focus on Paris 2024
-> Allocation to improve the country’s cybersecurity infrastructure
-> More opportunities/initiatives in the field of Artificial Intelligence
-> Increased allocation/ opportunities in the Space Sector
-> Significant increase in benefits for the underprivileged
-> Incentives for installing solar panels in residential houses
These are some of the many expectations we have from Budget 2024.
Keep an eye on our Instagram page ( tax_avk ) for all the latest updates.
Kapoor Kumar & Associates (taxavk) 