Key tax and financial reforms that affect people, companies, and the economy are included in the Finance Bill 2025, which was issued together with the Union Budget. It provides clarification on crypto taxation, simplified GST, lowered corporate taxes, and updated income tax slabs.

Budget 2024 has introduced a new provision, Section 74A, which aims to bring clarity to the insurance sector and reduce compliance costs for startups. This blog post provides an in-depth analysis of Section 74A, its features, penalty provisions, and implications on the insurance sector and startups.