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Finance Bill News
Surcharge on high networth individuals: What FPIs can do to escape net
Thu, Jul 18, 2019
The Lok Sabha on Thursday passed the Finance Bill, 2019. The market -- BSE Sensex which has borne the brunt of this tax as FPIs are on a selling spree -- is likely to react and enter into red tomorrow.
LTCG: Here are the answers to Frequently Asked Questions
Mon, Feb 05, 2018
The tax will be levied only upon transfer of the long-term capital asset on or after 1st April, 2018, as defined in clause (47) of Section 2 of the Act.
Demonetisation, GST to widen tax base, make cash dealing difficult: Jaitley
Sat, Jul 22, 2017
Jaitley said the government has come out with laws to contain overseas black money as well as those dealing with domestic black money and cracking down on shell companies.
Now, link Aadhaar with PAN with ID proof scan, OTP
Sun, Apr 09, 2017
The tax department will start educating taxpayers from this week through media outreach on ways to link the PAN with Aadhaar.
Finance Bill gets presidential assent, takes effect from today
Sat, Apr 01, 2017
Advancement of the Budget will give government departments more leeway to spend as well as allow companies time to adapt to business and taxation plans.
Sensex, Nifty in red on last day of FY17
Fri, Mar 31, 2017
On Thursday, BSE Sensex closed at 29,647.42, up 115.99 points or 0.39%, while NSE Nifty ended at 9,173.75, up 29.95 points or 0.33%.
Government embarrassed as Rajya Sabha returns Finance bill with amendments (Roundup)
Thu, Mar 30, 2017
The Narendra Modi government on Wednesday faced embarrassment in the Rajya Sabha as five of the amendments moved by the opposition to the Finance Bill, 2017, were adopted by division before the bill was returned to the Lok Sabha.
PAN invalid if not linked to Aadhaar card? Here’s how to link the two
Fri, Mar 24, 2017
Government officials said that the Permanent Account Number card could be rendered useless by December 31 if not linked to the Aadhaar card, a report by Hindustan Time said on Thursday. Currently, the PAN card was the necessary document while filing for IT returns.
Lok Sabha passes the Finance Bill
Wed, Mar 22, 2017
Finance Minister Arun Jaitley while speaking in Lok Sabha on Wednesday said that the government is linking Aadhaar card of individuals while filing Income Tax Returns (ITRs) to stop tax evasion.
Finance Bill likely to get Lok Sabha's nod today; here's what you need to know about it
Wed, Mar 22, 2017
As the Finance Bill is classified as a Money Bill, it does not require bicameral approval and can be passed only by Lok Sabha, a media report said.
Cash transaction limit proposed to be cut to Rs 2 lakh from Rs 3 lakh
Wed, Mar 22, 2017
In yet another move to curb black money in India, the government on Tuesday proposed a fresh ceiling of Rs 2 lakh on cash transactions, which is lower than the Rs 3 lakh proposed in Budget 2017-18.
Finance Bill to be passed before March 31: FM Jaitley
Wed, Mar 08, 2017
New rules on non-tax revenues, user charges, e-receipts portal have been added in addition to the manner in which autonomous bodies are run.
Here are 20 key Budget 2017 terms that you need to know
Wed, Feb 01, 2017
Here are 20 key Budget 2017 Glossary terms that you need to know before you watch FM Arun Jaitley's Union Budget speech on Wednesday.
Less tax for small traders on digital transactions: Govt
Mon, Dec 19, 2016
Legislative amendment in this regard would be carried out through the Finance Bill, 2017, the CBDT added.