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06 Feb 2024

FM Sitharaman To Move Finance Bill 2024 In Lok Sabha Today

The Lower House will also hold a general discussion on the Interim Union Budget for 2024-25, which was presented on February 1, the second day of the Budget Session.

25 Mar 2023

Lok Sabha Passes Finance Bill 2023 With 64 Amendments - Details Inside

Sitharaman also announced that a new committee will be set up under Finance Secretary to look into the National Pension System (NPS) for government employees. So far, Punjab, Rajasthan, Chhattisgarh, Himachal Pradesh, and Jharkhand went back to the Old Pension Scheme and quashed the new pension scheme.

24 Mar 2023

LS Approves Setting Up Of GST Appellate Tribunal

After more than five years of implementation of the Goods and Services Tax (GST), the appellate tribunal has not been set up.

24 Mar 2023

Lok Sabha Passes Finance Bill With 64 Official Amendments

Following amendments, 20 new sections have been added to the Bill.

finance bill 2023

24 Mar 2023

Budget Session 2023: Voting on Finance Bill Underway in Lok Sabha

Heavy uproar was witnessed during Budget Session today. Lok Sabha's proceedings were adjourned at 12 noon after which the proceedings have once again resumed. Voting is being done on Finance Bill in Lok Sabha amidst huge uproar. Watch visuals.

Long-Term Tax Benefit

24 Mar 2023

Govt To Scrap Long-Term Tax Benefit For Debt Mutual Funds: Report

Finance ministry is likely to bring in amendments to the Finance Bill 2023, removing the long term capital gains tax (LTCG) benefits available to such specified MFs. Currently, such mutual fund schemes attract 20 per cent LTCG with indexation benefits.

27 Jan 2022

Budget 2022- What are the expectations of startups from this budget ?

Finance Minister Nirmala Sitharaman will present the Budget 2022-23 on February 1. Start-ups have urged govt to relax tax burden on the sector which is already grappling with the onslaught of the Covid-19 crisis.

29 Mar 2021

Linked PAN card with Aadhaar? Here’s how you can avoid late fees charges

There won’t be any extension dates as the Narendra Modi government has now cautioned that a late fine of up to Rs 1,000 will be imposed on a person who fails to link both these important documents. A new section in the Finance Bill mandates to link PAN with Aadhaar, failing which can incur a late fee up to Rs 1,000 which will be excluded from other penalties for holding an inoperative PAN Card. Also if someone fails to link both these documents, then one's PAN Card will become inoperative.

28 Mar 2021

Worried about PAN-Aadhaar link? Here’s how to avoid late fees

Modi government has now cautioned that a late fine of up to Rs 1,000 will be imposed on a person who fails to link both these important documents. A new section has been inserted in the Finance Bill which mandates to link PAN with Aadhaar, failing which can incur a late fee up to Rs 1,000 which will be excluded from other penalties for holding an inoperative PAN Card. Also if someone fails to link both these documents, then one's PAN Card will become inoperative.

27 Mar 2021

Good news for Sarkari babus! Here’s how new PF rules affect them

The interest on contribution to Provident Fund for up to Rs 5 lakh per annum will be tax-free. Earlier, the limit was Rs 2.5 lakh which was introduced in the Finance Bill proposal. However, finance minister Nirmala Sitharaman doubled the limit where there was no employer contribution.

24 Mar 2021

Parliament passes Finance Bill 2021, FM Nirmala accuses UPA govt of mismanagin

Finance Minister Nirmala Sitharaman accused the Congress-led UPA government of having "mismanaged the economy" She said the Non-Performing Assets (NPAs) have declined to Rs 8.99 lakh crore as of March 2020

20 Mar 2021

BJP issues whip to Lok Sabha MPs for March 22

A three-line whip issued by Chief Whip Rakesh Singh The BJP-led government will be going for three important bills on Monday (March 22) Finance Bil 2021 is the most important agenda from the list of legislation

Budgetary exercise

30 Mar 2017

Parliament passes Finance Bill; Budgetary exercise for 2017-18 completed

Completing the budgetary exercise for 2017-18, Parliament on Thursday passesd the Finance Bill.

30 Mar 2017

Cannot accept amendments to Finance Bill: Arun Jaitley

The government had moved as many as 40 amendments in the Finance Bill, that were added to the bill at the last moment.

22 Mar 2017

Finance Bill 2017 passed in Lok Sabha: Key highlights you should know

The Lok Sabha on Wednesday approved a ban on cash transactions above Rs 200,000 (USD 3,055), enacting tax measures from last month annual budget aimed at boosting investment in the country.

22 Mar 2017

Lok Sabha passes Finance Bill

The Lok Sabha on Wednesday passed the Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.

07 Mar 2017

Finance Bill to be passed before March 31: Arun Jaitley

The Finance Bill will be passed by Parliament before March 31 to enable ministries to avail funds from April 1, Finance Minister Arun Jaitley said on Tuesday.

Central Board of Excise and Customs

09 May 2016

Government notifies roll back of import duties on mobile components

The Central Board of Excise and Customs (CBEC) has issued notifications partly rolling back import duties of 29.441 per cent imposed on key mobile phone components such as chargers and batteries.

Finance Minister

05 May 2016

FM rules out rollback of excise duty on jewellery

Finance Minister Arun Jaitley today rejected demands, including from ally Shiv Sena, for rollback of one per cent excise duty on non-silver jewellery and asserted that jewellers will have to pay taxes.

05 May 2016

Lok Sabha approves Finance Bill 2016

The Lok Sabha on Thursday passed the Finance Bill, 2016 by a voice vote.

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