Penalty of 200% for not complying with the conditions laid down for availing angel tax exemption
The new amendment has been brought in with the Finance Bill passed in the Lok Sabha on Thursday
The inclusion of as many as 17 bills within the Finance Bill would automatically make them money bills and ensure their post-haste clearance without much debate
The discussion on the Finance Bill is expected to begin in the Lok Sabha later this week
The inclusion of non-tax proposals in the Finance Bill undermines the legislative process
There are 24 department-related standing committees covering under their jurisdiction all the ministries/departments of the government
The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases
The scheme is attractive, since the tax relief is 40-70% of the amount in dispute
The government seems well within its ambit to amend the law through the Finance Bill
Here is the full text of the memorandum of the finance bill tabled in Lok Sabha
Here is the full text of the Finance Bill as tabled by the first full-time woman finance minister of the country Nirmala Sitharaman
Rajya Sabha Chairman M Venkaiah Naidu put the bills to vote, which were approved by voice vote and returned to the Lok Sabha
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
The bills were the contentious Finance Bill, 2018, and the Appropriation Bill, 2018
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.
Finance Bill passed by Lok Sabha without debate; relief for start-ups, PPF holders
The finance ministry had received various representations demanding removal of LTCG tax
With the passage of the Finance Bill and the Appropriation Bill, the budget exercise is complete in the lower house
CPI(M) accused the government of engineering "scripted disruptions through its allies, both estranged and prospective"
J&K CM Mehbooba sacks finance minister Haseeb Drabu, Naresh Agrawal joins BJP