BUDGET LIVE UPDATES: In her Union Budget 2024-25 speech, Finance Minister Nirmala Sitharaman announced two key reforms aimed at simplifying administrative processes and supporting women's property ownership.

Firstly, Sitharaman proposed discontinuing the use of Aadhaar Enrolment IDs for taxation purposes, which will now require only the Aadhaar number. This change is expected to streamline the tax filing process and enhance ease of compliance.

Additionally, Sitharaman revealed plans to further reduce duties on properties purchased by women. The government will also work to include this reform as a central element of urban development schemes. The objective is to encourage states with high stamp duties to lower their rates, thereby making property purchases more affordable for women and promoting gender equality in real estate.

The proposed measures highlight the government's commitment to improving both administrative efficiency and social equity, reinforcing efforts to make property ownership more accessible and manageable for women across India.

Overall, the Union Budget 2024-25 introduces significant changes aimed at simplifying taxation and enhancing property ownership for women. By discontinuing the use of Aadhaar Enrolment IDs for tax purposes and focusing on reducing duties for properties purchased by women, the government is taking steps to streamline processes and promote gender equality. These reforms are set to make property transactions more accessible and equitable, reflecting a broader commitment to improving administrative efficiency and supporting women's economic empowerment in India.

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