Mumbai, March 25 -- The Lok Sabha on Monday passed the Finance Bill 2025, incorporating 35 government amendments, including a significant one that abolishes the 6% digital tax on online advertisements. The passage of the bill marks the completion of the lower house's role in the Budget approval process for the fiscal year 2025-26.

The Finance Bill will now move to the Rajya Sabha for consideration. Once approved by the upper house, the Budget process for the next financial year will be finalized.

Replying to the discussion on the bill, Union Finance Minister Nirmala Sitharaman highlighted that the Finance Bill aligns with the national vision of Viksit Bharat by 2047, incorporating several measures to strengthen economic growth. She note...