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The President of Federation of Karnataka Chambers of Commerce and Industry (FKCCI) Shri Ramesh Chandra Lahoti submitted the Pre-Budget Memorandum 2024 to Hon’ble Finance Minister Smt. Nirmala Sitharaman.
Copy of Memorandum
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Union minister for finance & corporate affairs, Nirmala Sitharaman, on Wednesday, chaired the first pre-budget consultation with India’s leading economists.
The Finance Ministry is contemplating an increase in the standard deduction limit under the new tax regime, according to CNBC Awaaz report.
Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman in her Budget speech today said that GST has decreased the tax incidence on common man, reduced compliance burden and logistics cost for trade and industry. While presenting the Union Budget 2024-25 in Parliament today, the Minister termed GST as a success of vast proportions.