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    The Finance Act is an annual Act of the Parliament of India that provides for changes to various taxes and duties in the country. It is introduced each year by the Union Finance Minister and outlines the Central Government's financial proposals for the upcoming year. The Act also details modifications to tax laws, exemptions, and adjustments to tax rates.

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    The Finance Act is an annual Act of the Parliament of India that provides for changes to various taxes and duties in the country. It is introduced each year by the Union Finance Minister and outlines the Central Government's financial proposals for the upcoming year. The Act also details modifications to tax laws, exemptions, and adjustments to tax rates.

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    © All Rights Reserved
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    4 views1 page

    Untitled

    Uploaded by

    Surjeet Rathore
    The Finance Act is an annual Act of the Parliament of India that provides for changes to various taxes and duties in the country. It is introduced each year by the Union Finance Minister and outlines the Central Government's financial proposals for the upcoming year. The Act also details modifications to tax laws, exemptions, and adjustments to tax rates.

    Copyright:

    © All Rights Reserved
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    The Finance Act is an annual Act of the Parliament of India that provides for the imposition,

    abolition, remission, alteration, and regulation of various taxes and duties in India. It is introduced in
    the Lok Sabha (Lower House of Parliament) by the Union Minister of Finance and is enacted annually
    to give effect to the financial proposals of the Central Government for the upcoming financial year.
    The Finance Act also outlines the changes in tax laws, exemptions, and modifications in tax rates.

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