Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman
The session lasted for one-and-a-half hours during which the Finance Bill, that allows the state government to carry out its expenses, was passed
The development indicates that government has not heeded to calls for deferment of the tax by the industry
New Delhi will strongly oppose the move arguing that that its digital tax measures fall within its sovereign rights and are in no way designed to discriminate against US companies.
According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs
This will provide relief to the thousands of hard-working Indians who work abroad and remit their savings to the country every year
Here are a few Bills passed by Parliament in the Budget session
The amendment along with the Finance Bill was passed without a debate in the Lok Sabha
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Many political parties, including the TMC, decided not to attend the session on Monday amid the coronavirus scare
Section 206C deals with tax collection at source and the government is gradually widening its ambit to include more transactions
The average annual grant under was increased by Modi to Rs 14,407 crore in 14th Finance Commission and now to Rs 19,309 crore in 15th Finance Commission for 2020-2021, he said
The new income tax regime is modelled on the task force's recommendations
'What we are doing now is that the income of an NRI generated in India will be taxed here', said FM
Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman
Here is the detailed text of Finance Bill presented by FM Sitharaman
Javadekar also slammed critics of the National Popular Register exercise, saying that it was done during the Congress-led govt as well
The second Budget of the Modi 2.0 government will be presented on February 1
New rules were framed for appointments in 19 judicial and quasi-judicial tribunals in the Finance Bill which was introduced in the Parliament as a Money Bill.
Trimming Sebi's financial independence is potentially regressive