Finance Act 2024-25. The finance act hasalso introduced several amendments to the new tax regime on july 23, 2024, notably increasing the standard deduction limit from rs. After debate in the senate and national assembly, the government has passed finance act, 2024 (‘fa’) yesterday (i.e., on june 28, 2024) with certain.

The finance act sections 1 to 99 (page 1 to 54) amends income tax act, section 158 (page 68 to 69) amends prohibition of benami property transactions act and section 164. On august 7, 2024, the lok sabha passed the finance (no.