Page 3 - Latest Updates on Finance Bill
Rajya Sabha returns Finance Bill 2021, completing Par approval for Budget
The Rajya Sabha on Wednesday returned the Finance Bill 2021 without any new amendment
 "Rajya Sabha returns Finance Bill 2021, completing Par approval for Budget")
Lok Sabha passes Finance Bill 2021, giving effect to proposals of govt
The Lok Sabha on Tuesday passed the Finance Bill, 2021, which gives effect to the financial proposals of the central government for the financial year 2021-22.
 "Lok Sabha passes Finance Bill 2021, giving effect to proposals of govt")
A dive into five contentious issues contained in Finance Bill, 2021
Govt may have to respond to concerns over equalisation levy, exporters issues, definition of the term 'liable to tax' and taxability of interest on employees' EPF contributions exceeding Rs 2.5 lakh
 "A dive into five contentious issues contained in Finance Bill, 2021")
Exporters get the shivers from two provisions in Finance Bill 2020
They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws
 "Exporters get the shivers from two provisions in Finance Bill 2020")
Without legislative backup, govt must not amend rules
The GST Council should prevail on the government to avoid such practices as they lead to unnecessary litigation
Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS
Here is the full text of the Budget speech of FM Sitharaman in Lok Sabha
 "Full text of Finance Minister Nirmala Sitharaman's Budget speech in LS")
Budget 2021: 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 2021: Full text of the memorandum of the Finance Bill tabled in LS")
Madhya Pradesh Assembly clears Finance Bill, 2020; adjourned sine die
The session lasted for one-and-a-half hours during which the Finance Bill, that allows the state government to carry out its expenses, was passed
 "Madhya Pradesh Assembly clears Finance Bill, 2020; adjourned sine die")
Digital MNCs likely to miss July 7 deadline for paying Google tax
The development indicates that government has not heeded to calls for deferment of the tax by the industry
 "Digital MNCs likely to miss July 7 deadline for paying Google tax")
US to probe India's digital tax; it's non-discriminatory, says New Delhi
New Delhi will strongly oppose the move arguing that that its digital tax measures fall within its sovereign rights and are in no way designed to discriminate against US companies.
 "US to probe India's digital tax; it's non-discriminatory, says New Delhi")
Changes to Finance Bill may revive REIT, InvIT market, attract capital
According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs
 "Changes to Finance Bill may revive REIT, InvIT market, attract capital")
Letter to BS: Govt should postpone Finance Bill provisions for NRIs
This will provide relief to the thousands of hard-working Indians who work abroad and remit their savings to the country every year
 "Letter to BS: Govt should postpone Finance Bill provisions for NRIs")
From Finance Bill to Termination of Pregnancy, Bills passed by Parliament
Here are a few Bills passed by Parliament in the Budget session
 "From Finance Bill to Termination of Pregnancy, Bills passed by Parliament")
Govt amends law to get power to hike tax on petrol, diesel by Rs 8 per ltr
The amendment along with the Finance Bill was passed without a debate in the Lok Sabha
 "Govt amends law to get power to hike tax on petrol, diesel by Rs 8 per ltr")
Top Headlines: Stocks suffer worst day in history; 19 states lock down
Business Standard brings to you the top headlines of the day.
 "Top Headlines: Stocks suffer worst day in history; 19 states lock down")
Lok Sabha passes Finance Bill by voice vote without discussion
Many political parties, including the TMC, decided not to attend the session on Monday amid the coronavirus scare
 "Lok Sabha passes Finance Bill by voice vote without discussion")
BJP asks its MPs to be present in Lok Sabha and support Finance Bill 2020
Section 206C deals with tax collection at source and the government is gradually widening its ambit to include more transactions
Finance Commission recommends Rs 19,309 cr devolution to Himachal for FY20
The average annual grant under was increased by Modi to Rs 14,407 crore in 14th Finance Commission and now to Rs 19,309 crore in 15th Finance Commission for 2020-2021, he said
 "Finance Commission recommends Rs 19,309 cr devolution to Himachal for FY20")
'Too radical': Centre likely to implement direct tax code in parts
The new income tax regime is modelled on the task force's recommendations
 "'Too radical': Centre likely to implement direct tax code in parts")
No intention to tax global income of NRIs in India, says FM Sitharaman
'What we are doing now is that the income of an NRI generated in India will be taxed here', said FM
 "No intention to tax global income of NRIs in India, says FM Sitharaman")
