|The Tax Publishers
Interim Budget 2024--Measured But Meaningful
The Learned Author provides a brief outline of the Budget, 2024 in this write up.
Hon'ble Finance Minister delivered the second shortest budget speech of Indian budget history yesterday. It was an interim budget or more so a vote on account. Under Article 116 of the Constitution of India a vote on account is an advance grant to the government from the consolidated fund of India to cover short-term expenditure requirements until the new financial year/government resumes. It is not necessary that there have to be tax proposals in a vote on account/interim budget. Some points of her speech were measured and meaningful and worth noting.
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