Budget 2024: India's Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, impacting India Inc. Key points include ending tax concessions for new manufacturing plants, revival of Vivad se Vishwas scheme, reduced TDS rates, gifts as asset transfers, shorter tax assessment time, removal of Angel tax, no prison risk for tax deductors, penalties for late filing, and changes to taxing rented properties for business purposes.
