Lok Sabha passes Finance Bill 2025 with 35 amendments

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Lok Sabha passes Finance Bill 2025 with 35 amendments

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Lok Sabha passes Finance Bill 2025 with 35 amendments

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Published in Business and Finance on Tuesday, March 25th 2025 at 13:41 GMT by cnbctv18

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The Lok Sabha passed the Finance Bill 2025 with 35 amendments, including significant changes to tax rates and tariffs. Key amendments include the removal of tax benefits for debt mutual funds, the introduction of a new tax on online gaming, and adjustments to the Securities Transaction Tax (STT) rates. The bill also proposes changes to the customs and excise duty structures, aiming to simplify the tax regime and boost revenue. Additionally, there are provisions for a new cess on certain luxury items and adjustments to the income tax slabs to provide relief to the middle class. The amendments reflect the government's strategy to streamline fiscal policies and address economic challenges.

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