Page 2 - Latest Updates on Finance Bill
Budget session: Nirmala Sitharman to move Finance Bill 2023 today
Union Finance Minister Nirmala Sitharaman on Friday, will move the Finance Bill 2023, to give effect to the financial proposals of the central government
 "Budget session: Nirmala Sitharman to move Finance Bill 2023 today")
How a new tax law has stumped Tata Trusts and top corporate donors
The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be considered as application of income for the donor organisation
 "How a new tax law has stumped Tata Trusts and top corporate donors")
'Angel Tax' provisions in finance bill will not impact startups: DPIIT Secy
There have already been changes on this front, including allowing long-term pension and insurance funds to invest in alternative investment funds
 "'Angel Tax' provisions in finance bill will not impact startups: DPIIT Secy")
Budget 2023: Read full text of Finance Bill as tabled in the Parliament
Here is the full text of the Finance Bill as tabled in the Parliament by finance minister Nirmala Sitharaman
ITR 2021-22: Everything you need to know about updated income tax return
In the Finance Bill, 2022, the government introduced the concept of 'updated ITR'. It allows the assessee to file the ITR within 24 months of the expiry of a financial year
 "ITR 2021-22: Everything you need to know about updated income tax return")
GST Council may defer decision on taxing crypto assets in June 28-29 meet
Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations
 "GST Council may defer decision on taxing crypto assets in June 28-29 meet")
Publishing confidential export-import data may now lead you to jail
The FY23 Budget has proposed to introduce section 135AA in the customs act through the Finance Bill for "protection of data".
 "Publishing confidential export-import data may now lead you to jail")
Budget 2022-23: Directors may face tax recovery heat, say experts
The proposal in the Finance Bill to amend provisions of Section 179 of the Income Tax (I-T) Act from April 1, 2022, could increase risks for directors of medium and small-sized firms, said experts.
 "Budget 2022-23: Directors may face tax recovery heat, say experts")
Budget 2022: Full text of Finance Bill as tabled in Lok Sabha by FM
Here is the full text of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman
 "Budget 2022: Full text of Finance Bill as tabled in Lok Sabha by FM")
Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS
Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman
 "Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS")
What is Money Bill?
Money Bill is the most crucial part of any Union Budget. It comes under the Finance Bill and tells us about taxation and government spending. Our next report tells us more about Money Bill
 "What is Money Bill?")
What is the annual Union Budget?
The country is keenly waiting for the Union Budget which will be tabled on February 1. But what are its major components? Why does the govt conduct this annual exercise? Find the answers here
 "What is the annual Union Budget?")
Govt likely to introduce 2 key financial sector bills in winter session
The two key financial sector bills may include the proposed law for facilitating privatisation of public sector banks
 "Govt likely to introduce 2 key financial sector bills in winter session")
Cabinet gives ex-post facto approval for amendments to Finance Bill, 2021
The amendments were aimed at clarifying and rationalising tax proposals for 2021-22.
 "Cabinet gives ex-post facto approval for amendments to Finance Bill, 2021")
Finance Act fails to address industry concerns over equalisation levy
Experts say levy will cause compliance problems for taxpayers, having come so late. Companies will have to do a lot of adjustments in their own systems while trying to comply with this newly clarified
 "Finance Act fails to address industry concerns over equalisation levy")
Finance Bill amendment eases Mauritius funds' path for India shift
Experts reckon up to 10 per cent of such funds could shift to the IFSC
 "Finance Bill amendment eases Mauritius funds' path for India shift")
Amendments to the Finance Bill 2021 plug tax loophole in slump sale
Amendments to the finance Bill, 2021, say that fair market value (FMV) will be taken as consideration of the sale
 "Amendments to the Finance Bill 2021 plug tax loophole in slump sale")
Duty revisions after Oct to come with sunset clause, says FM Sitharaman
Government will rationalise customs duties after consultations, says finance minister
 "Duty revisions after Oct to come with sunset clause, says FM Sitharaman")
Finance Bill: Asset distribution to partners will attract capital gains tax
Various courts and tax authorities have ruled both in favour and against imposition of capital gains in such cases.
 "Finance Bill: Asset distribution to partners will attract capital gains tax")
Finance Bill has amendments to improve ease of doing business: Sitharaman
Sitharaman on Wednesday said that the Finance Bill,2021 has some amendments aimed at achieving a reduction in compliance and improving ease of doing business
 "Finance Bill has amendments to improve ease of doing business: Sitharaman")