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BILL No. 14 OF 2024THE FINANCE BILL, 2024(AS INTRODUCED IN LOK SABHA)AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2024 Bill No.14 of 2024THE FINANCE BILL, 2024 A BILL to continue the existing rates
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A finance bill is a proposal presented to the legislature for the purpose of raising revenue through taxation or other means, outlining the government's financial policy for the upcoming fiscal year.
Typically, the government or relevant financial authorities are required to file a finance bill, although certain sections may require input from businesses or individuals subject to particular tax regulations.
Filling out a finance bill involves providing detailed financial data, including revenue estimates, proposed tax rates, and expenditure outlines, as well as any necessary supporting documentation as per the legislative requirements.
The purpose of a finance bill is to outline the government's proposed taxation and spending measures, secure the necessary funds for public expenditures, and address any financial shortfalls.
Information required typically includes estimates of revenue, proposed tax adjustments, details of government spending, and fiscal policies aimed at managing the economy.
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