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The Finance Bill is a legislative proposal introduced in Parliament along with the Union Budget to implement financial policies, including amendments to tax laws. It covers changes in income tax, GST, customs duties, and other fiscal regulations for the upcoming financial year.
Once approved by both houses of Parliament and signed by the President of India, the bill becomes the Finance Act, providing a legal framework for taxation and government revenue collection.
For the latest Finance Bill and updates, visit the official website of the Income Tax Department.
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