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Finance Bill 2025
March 29 , 2025
3 days
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- The Lok Sabha approved the Finance Bill 2025, which included 35 government amendments.
- The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent over the current fiscal.
- The total capital expenditure proposed for the next fiscal is Rs 11.22 lakh crore and an effective capital expenditure of Rs 15.48 lakh crore.
- It proposes a gross tax revenue collection of Rs 42.70 lakh crore and a gross borrowing of Rs 14.01 lakh crore.
- The fiscal deficit for FY26 is projected at 4.4 per cent against 4.8 per cent in the current fiscal.
- Under the new framework of the Finance Bill 2025, the tax officials can access encrypted communications, cloud storage, and the digital asset exchanges if they believe a person has concealed taxable income or cryptocurrency holdings.
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