Interim Budget and its Purpose

The interim budget presented by Finance Minister Nirmala Sitaraman was a short-term budget to manage expenses and revenues until the general election results are declared. It did not make any changes to personal taxes, as the government wanted to avoid making big moves appealing to voters. However, the budget proposed to withdraw old direct tax notices dating back to 1962, aiming to resolve disputes and ease the burden on taxpayers and the Indian Income Tax Administration.