Budget 2024 date and time: FM Nirmala Sitharaman to present 7th budget in row: Where and how to watch, what to expect.

Budget 2024: In her 7th record Union Budget, Nirmala Sitharaman is expected to announce an increase in the basic exemption limits under both old and new tax regimes in a huge relief for the middle class.

Union Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present her seventh consecutive Union Budget on July 23.

On the eve of the Budget 2024 presentation, Prime Minister Narendra Modi said: “It is a matter of pride that after 60 years, a government has come to power for the third time and will present the first Budget for the third time. I have been giving guarantees to the people of the country and our mission is to bring this to the ground. This Budget is an important budget for Amrit Kaal. Today’s budget will decide the direction for the next 5 years of our term. This budget will also become a strong foundation of our dream of Viksit Bharat.”

The monsoon session of parliament started on July 22 with the tabling of Economic Survey 2023-24.The Lok Sabha’s business advisory committee decided to discuss issues related to the ministries of railways, education, health, MSME, and food processing besides the Union Budget. A total of 20 hours has been allocated for the debate on the Budget.

Due to glitches in the income-tax e-filing portal, many taxpayers are facing difficulty in accessing Form 26 AS/AIS. Sometimes there is variance in figures of the same nature in TIS and AIS. Also, joint income gets reported in the statement of both joint account holders, leading to scrutiny notices in spite of taxpayers intimating the same on time.

Congress MP Pramod Tiwari raised questions over how the PM Modi-led NDA government at the Centre would address critical issues such as unemployment and inflation, in addition to resolving farmers’ problems by considering the way the rupee is depreciating.