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Lok Sabha approves 2015/16 finance bill

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Reuters NEW DELHI

NEW DELHI (Reuters) - The Lok Sabha on Thursday approved 2015/16 Finance Bill mainly containing tax proposals for the manufacturing and service sectors for the current fiscal year.

Replying to a debate on tax proposals, Finance Minister Arun Jaitley offered tax relief to foreign investors, exempting income from securities transactions, royalties and technical service from minimum alternative tax (MAT).

(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by Malini Menon)

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First Published: Apr 30 2015 | 6:36 PM IST

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