Lok Sabha passes Finance Bill 2025 with 35 govt amendments
The Lok Sabha on Tuesday passed the Finance Bill, 2025 with 35 amendments.
The amendments include one that abolishes a 6 per cent digital tax, popularly known as the ‘Google Tax,’ on online advertisements.
“I have proposed to remove the 6 per cent equalisation levy for advertisements. Equalisation levy on online advertisements to be abolished to address uncertainty in international economic condition,” said Sitharaman while replying to the discussions on the Finance Bill 2025 in the Lok Sabha,.
Earlier today, Sitharaman presented the amended Finance Bill 2025 in Parliament, seeking approval for key Budget proposals.
“Finance Bill, 2025, provides unprecedented tax relief to honour taxpayers,” the finance minister said.
On February 1, Sitharaman presented the Union Budget with a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the revised estimate of Rs 47.16 lakh crore for the current fiscal year 2024-25.