Budget 2024 | Finance Minister Nirmala Sitharaman On Indirect Taxes

#modinomics #budget2024 #nirmalasitharaman #indirecttaxes #unionbudget2024
In her Budget 2024 speech, Finance Minister Nirmala Sitharaman announced key changes to indirect taxes aimed at providing relief and promoting domestic production. Three additional medicines for cancer patients will now be fully exempt from customs duty. The FM also mentioned a plan to rationalize customs duty rates after a review over the next six months, following a reduction in the number of rates in 2022-23. Additionally, she proposed changes in the basic customs duty on X-ray tubes and flat panel detectors to support the domestic production of X-ray machines. These measures are designed to enhance healthcare affordability and encourage local manufacturing.

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[g.v.gopalakrishnanaidu]

Repeal the income tax act and remove Capital Gains act and taxes. Allow the money got on sale of property for spending as per their will and wish. It can be used for helping their relations and friends, helping the poor and sick and also for medical expenses. No GST and tax on medicines, hospitals and medical diagnostic procedures. Nirmala Sitaram is a very intelligent and God fearing person. If she does this it will be highly appreciated. 🙏