Budget 2024: Key Changes In Customs Duties And Taxes Announced | Union Budget 2024

The Indian Express
The Indian Express
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Published 2024-07-23
Budget 2024: Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024 with significant adjustments in customs duties and taxes. Mobile phones and chargers will become cheaper as the basic customs duty is reduced to 15%. The same reduction applies to gold and silver. However, taxes on equity investments held for less than a year have increased to 20% from 15%, and on shares held for more than 12 months, it has risen to 12.5% from 10%. Critical minerals and three additional cancer drugs are now exempt from customs duties, while duties on specific telecom equipment and ammonium nitrate have been raised. Non-biodegradable plastics duties are also increased to 25%. Meanwhile, the list of exempted capital goods for solar panels, solar cells, and vehicles has been expanded, and leather goods and seafood are set to become more affordable.

#Budget2024 #IncomeTax #BudgetSession #NirmalaSitharaman #Budget #UnionBudget2024

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All Comments (21)
  • @abc_cba
    Do you agree that Nirmala Sitharaman is the worst finance minister among all those holding such a position in any of the G-20 countries, not just in India?
  • @mythilivenkataraman4547
    The senior citizens are not benefitted by the Railway concession and the bank interest is not increased and we are 75+ 80 +
  • @sethutpr
    Vinasa kale vibareetha puthi. Increasing tax on capital gains, STT 5,%tax from 3-7 lakhs., etc Budget is totally against common man
  • @vinitraj8993
    For low and middle class, what is the role of this budget...really BJP is not doing anythings for low and middle class...😮
  • @franciskt4171
    Budget could have been more attractive by abolishing personal income tax, and filling that gap by reducing defence expenditure...😮
  • @naveenchannaboraiah8883
    Mobile phones custom duties decreased to help Ambani and Jio Company, new jio phone in the queue for release
  • @muckadackalmathew9889
    Indian Rupees are the cheapest.Before BJP came to power we were only getting 58 Rupees for one dollar, in just 10 years we can get 84 Rupees for the same dollar! This made lot of savings for Corporates, BJP leaders, people like Nirav Modi, Mehul Choksi, Ambani , Adhani etc besides the NRIs !
  • @Philosoper007
    BJP is waste 😂better elect some other party like Congress. Modi is zero for 15 years 😢
  • @user-on8qu7qg3r
    मणिपुर के पास 8 साल से बजट नहीं है. क्यों ? ​​मध्य प्रदेश में अंतरराज्यीय है लेकिन कोई एक्सप्रेस हाईवे नहीं है। मध्य प्रदेश में नये प्रोजेक्ट नहीं आते। असम, सौराष्ट्र और मध्य प्रदेश में एक्सप्रेस हाईवे नहीं हैं। क्यों ?
  • @RajanRaj-po9xr
    The result of coilation with socialist communist is not good from the history. So Manmohan Sing also can't do better in his 10y tenure. Do Modi have different plan, let's hope good??
  • @sunilsunny4951
    Good budget Amravati AP and Bihar each state get estimate Rs 150000 crore fund for development and supporting BJP government. Where as other state in south such as Karnataka, Kerala, Tamil Nadu and Pondicherry, Goa no fund allocated by the government. instead we should demand separate country from the south