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What are acts regulated by the Finance Bill

Acts regulated by the Finance Bill

About Acts regulated by the Finance Bill

What are acts regulated by the Finance Bill

Generally, the Finance Bill makes amendments to existing rules and laws regarding taxes, government expenditure, financial policy, etc. As a result, laws such as the Income-Tax Act, The Indian Stamp Act, UTI Act or FRBM Act, Securities Contracts Regulation Act, Forward Contracts Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, etc, may be amended by the Finance Bill.
 
Amendments made in Interim Budget 2019
 
a) Clause 4 of the Finance Act amended section 23 of the Income-tax Act to allow taxpayers an option to claim 'nil' annual income from any two houses declared as self-occupied, instead of one such
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Latest Updates on Acts regulated by the Finance Bill

Know the Union Budget: What is a Finance Bill and why is it important?

Finance Bill, introduced each year to give effect to the financial proposals of the central government for the next financial year, includes a Bill for supplementary financial proposals for any period

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Updated On : 02 Jul 2019 | 11:45 AM IST

Rajya Sabha passes Interim Budget, Finance Bill 2019-20 without debate

Rajya Sabha Chairman M Venkaiah Naidu put the bills to vote, which were approved by voice vote and returned to the Lok Sabha

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Updated On : 02 Jul 2019 | 11:44 AM IST

Lok Sabha clears Finance Bill; FM says tax proposals aimed at helping poor

Goyal also took a swipe at the Congress, saying unlike the previous UPA dispensation, the Modi government in its interim Budget did not reduce levies on SUVs, which are used by the rich

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Updated On : 02 Jul 2019 | 11:44 AM IST

Angel tax row: Genuine start-ups can breathe easy, says FM Piyush Goyal

The 'angel tax' is triggered when any start-up raises equity funding in excess of its 'fair valuation', the premium is treated as income, attracting over a 30 per cent tax

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Updated On : 02 Jul 2019 | 11:44 AM IST

Interim Budget 2019: Middle class cheer likely; I-T exemption cap may go up

The interim Budget will be presented on February 1. Finance Minister Arun Jaitley, who is in New York for a medical check-up, will be back by the end of January and is expected to present it

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Updated On : 02 Jul 2019 | 11:45 AM IST

News Digest: Patel slams govt, Finance Bill passed in Lok Sabha, and more

The Lok Sabha on Wednesday passed the Finance Bill 2018, allowing the benefit of inflation adjustments to stocks that were unlisted till January 31 while levying long-term capital gains (LTCG) tax.

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Updated On : 02 Jul 2019 | 11:45 AM IST

LS passes Finance Bill 2018; unlisted stocks to get indexation benefits

Finance Bill passed by Lok Sabha without debate; relief for start-ups, PPF holders

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Updated On : 02 Jul 2019 | 11:45 AM IST

Opposition says govt trying to bulldoze Finance Bill without discussion

CPI(M) accused the government of engineering "scripted disruptions through its allies, both estranged and prospective"

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Updated On : 02 Jul 2019 | 11:45 AM IST