Budget 2020: Companies Act to be amended to decriminalise civil offences

The Finance Minister said tax harassment cannot be tolerated and added that wealth creators will be respected in the country.
Finance Minister Nirmala Sitharaman presents the Union Budget 2020-21 in the Lok Sabha in New Delhi Saturday Feb. 1 2020. (Photo | LSTV)
Finance Minister Nirmala Sitharaman presents the Union Budget 2020-21 in the Lok Sabha in New Delhi Saturday Feb. 1 2020. (Photo | LSTV)

NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said the government plans to amend the Companies Act to decriminalise civil offences.

In her second Budget presentation, the finance minister said tax harassment cannot be tolerated and added that wealth creators will be respected in the country.

Taxpayer's charter will be part of statute, the finance minister added.

She further said national security is top priority for this government.

(Further details awaited.)

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