Finance bill

Finance Bill amends 7 direct & indirect tax laws

The Payment and Settlement Systems Act, Black Money Act, Income-Tax Act, Finance Act 2015, Finance Act 2004 and Benami Act are among the seven direct taxation laws that are being amended in the Bill.

published on : 19th July 2019

Centre now eyes SEBI’s surplus funds

It also provides for constitution of a Reserve Fund, where 25 per cent of the annual surplus of the General Fund in any year has to be credited.

published on : 19th July 2019

Cash withdrawal from multiple accounts to be aggregated for levying 2 per cent TDS

The Finance Bill amendment replaced "an account" to "one or more accounts".

published on : 18th July 2019

Government makes anti-money laundering law stricter by widening definition of 'proceeds of crime'

The definitions were brought in the form of amendments to the Finance Bill, 2019, in the Lok Sabha, which was later approved by the House by a voice vote.

published on : 18th July 2019

2019 Union Budget: Government seeks to allay fears on surcharge on super rich with budget

The Finance Bill has raised the surcharge on the super rich the top-end of the income brackets -- for incomes between Rs 2 crore and Rs 5 crore.

published on : 18th July 2019

Finance Bill passed in Lok Sabha, Sitharaman says budget proposals aimed at improving ease of living

Several members have asked the government to reduce hike in customs duty on newsprint saying it would badly hurt the small and medium newspapers.

published on : 18th July 2019

Finance Bill rings in changes to make NPS lucrative

The importance and focus on the National Pension Scheme by GoI is evident with the separation of NPS trust from the PFRDA structure,” ICRA noted in its comments on Budget.

published on : 15th July 2019

Karnataka to pass Finance Bill with no change

A vote-on-account till July 31 was passed by both Houses in February.  

published on : 4th July 2019

Centre justifies certification of Finance Bill, 2017 as money bill; SC reserves verdict

The top court reserved its verdict on a batch of pleas challenging the constitutional validity of Finance Act, 2017 on the ground that it was passed by the Parliament as a money bill.

published on : 2nd April 2019

Rajya Sabha adjourned sine die

Chairman M Venkaiah Naidu in his customary address at the close of the session rued that precious time of the House was lost in protests, stalling proceedings.

published on : 13th February 2019

Rajya Sabha passes Budget, Finance Bill without debate

The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political parties to pass them without debate.

published on : 13th February 2019

Tax proposals aimed at helping poor and middle-class living on tight budget: Piyush Goyal

The interim Finance Minister also said that unlike the previous UPA dispensation, the Modi government in its interim budget did not reduce levies of SUVs which are used by rich persons.

published on : 12th February 2019

Government proposes permitting premature closure of Public Provident Fund account

The government proposes to allow premature closure of Public Provident Fund accounts and permit opening of small savings accounts in the name of minor, the finance ministry said today.

published on : 13th February 2018