2024 Union Budget proposes Insurance Act amendments for foreign insurer entry and increased deduction limits.
Union Budget 2024 outlines the government's estimated receipts and expenditure for the upcoming fiscal year (1st Apr to 31st Mar). Key sectors like insurance hope for amendments to the Insurance Act, allowing entry of foreign insurers and Insurtech companies, and expanding deduction limits for protection products under Sections 80D and 80C. The budget aims to address various economic aspects and impact everyday citizens.
July 23, 2024
8 Articles