The Government presents it on the indian railway budget 2016 pdf day of February so that it could be materialized before the commencement of new finan
The Government presents it on the indian railway budget 2016 pdf day of February so that it could be materialized before the commencement of new financial year in April. While a ‘Vote on Account’ deals only with the expenditure side of the government’s budget, an Interim Budget is a complete set of accounts, including both expenditure and receipts. An Interim Budget gives the complete financial statement, very similar to a full Budget. While the law does not debar the Union government from introducing tax changes, normally during an election year, successive governments have avoided making any major changes in income tax laws during an Interim Budget.
On February 29 in 1964 and 1968, he became the only finance minister to present the Union budget on his birthday. Ministry of Finance to become the only woman to hold the post of the Finance Minister. Prime Minister to present a budget after his mother and grandfather. Finance Minister and presented the interim budget for 1991-92 as elections were forced. Finance Minister, presented the budget for 1991-92.