Latest Markets Business BEEPS Earnings Personal Finance

Budget 2024: Sitharaman Offers Relief On Old Direct Tax Disputes Of Up To Rs 25,000

The move is expected to benefit 1 crore taxpayers, the finance minister said in her speech.

NDTV Profit Desk
Nirmala Sitharaman, India's finance minister, during a news conference in New Delhi, India, on Wednesday, Feb. 1, 2023. Prime Minister Narendra Modi’s government unveiled a pre-election India budget that cut personal income taxes to boost consumption while ramping up infrastructure spending to spur growth in an economy touted as a “bright star” amid a gloomy global outlook. Photographer: Prakash Singh/Bloomberg

While Finance Minister Nirmala Sitharaman did not make changes to tax slabs in the interim budget in keeping with convention, she offered relief on pending tax disputes.

The government proposed to withdraw disputed direct tax demands of up to Rs 25,000 till FY10 and of up to Rs 10,000 for FY11-15, the finance minister said in her budget 2024 speech.

The move, she said, is expected to benefit 1 crore taxpayers.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES
Beeps Img

Ola’s Indigenous Lithium-Ion Battery Ready, To Boost Market Share: CEO Bhavish Aggarwal

  • chevron-double-right Ola Electric began integrating its indigenously developed 4680 Bharat Cell in vehicles this quarter
  • chevron-double-right The Bharat Cell offers 80% charge in 15 minutes and a battery life of over 15 years
  • chevron-double-right Ola introduced ferrite motor technology as an alternative to rare earth magnets by Q3 FY2024
More Beeps chevron-right

RECOMMENDED FOR YOU

Parliament Passes New Income Tax Bill
timelogo Aug 12, 2025
New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman Tables Bill In Lok Sabha
timelogo Aug 11, 2025
BSNL Rolls Out One-Month 4G Service Plan Offer For Re 1
timelogo Aug 01, 2025
Laxmi India Finance Opens: Subscribe On A Long-Term Basis, Says Angel One — Check Issue & Other Key Details
timelogo Jul 29, 2025

POPULAR

1
Pixel 10 Pro Fold Specifications Surface Online Ahead Of Aug. 20 Launch, Check Key Features
2
Mumbai Rains LIVE Updates: IMD Issues Red Alert; Schools, Colleges Closed; Airport Issues Passenger Advisory
3
Google Issues Warning As Hackers Mimic Gmail Security Alerts To Steal Passwords
4
iPhone 17 Pro Max Camera Upgrades Revealed In New Leaks: Here’s What We Know
5
Google Reveals Pixel 10 Features In New Teaser Days Ahead Of Launch