Lok Sabha passes income tax amendment bill amid din

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Lok Sabha passes income tax amendment bill amid din

New Delhi, Nov 29, 2016: Lok Sabha passes income tax amendment bill amid din. The Lok Sabha on Tuesday handed by a voice vote a invoice to amend the revenue tax laws to facilitate levy of 60 per cent tax on undisclosed revenue or funding or money credit deposited in banks after the November eight demonetisation.

Lok Sabha passes income tax amendment bill amid din.

Lok Sabha passes income tax amendment bill amid dinThe invoice was handed even because the opposition members protested and raised slogans towards the federal government.

Union Finance Minister Arun Jaitley, whereas transferring the invoice for consideration and passing, referred to as it one of many steps by the Centre to curb black cash.

“That is an try and get the (black) cash into the mainstream,” he mentioned as Lok Sabha passes income tax amendment bill amid din.

Nonetheless, the opposition members insisted the decrease home first take up a debate on demonetisation beneath the rule pertaining to an adjournment movement, and the invoice be taken up thereafter.

Trinamool Congress member Sudip Bandyopadhyay urged that the controversy and the invoice may be clubbed, which Speaker Sumitra Mahajan mentioned was not attainable as Lok Sabha passes income tax amendment bill amid din.

Whereas the opposition protested, the Speaker put the invoice to vote amid the din, and it was handed by a voice vote.

Photo Courtesy: businessinsider.in

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