Taxation Laws Bill

The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it

A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha today amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues.

Ms Sitharaman said several domestic and global firms have expressed interest in investment post announcement of the reduction in corporate tax rate.

The winter session of parliament will today consider some bills for discussion and passing. They include Taxation Laws (Amendment) Bill, 2019. Finance Minister Nirmala Sitharaman is scheduled to move that the bill further to amend the Income Tax Act, 1961, and to amend the Finance Act, 2019, be taken into consideration.

The Taxation Laws (Amendment) Bill, 2019 will replace the Taxation Laws (Amendment) Ordinance, 2019, promulgated on September 20, 2019.

The government will introduce two important Bills in the Lok Sabha on Monday -- the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.

The changes would ensure that indirect taxation-related matters would have greater simplicity, Finance Minister Nirmala Sitharaman said.

The Lok Sabha on Thursday passed a bill that will ensure continuance of levy of excise on petroleum products and abolition of cess on some other items following GST rollout from July 1. The Taxation Laws (Amendment) Bill, 2017 seeks to amend the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Finance Act, 2001 and...

Government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.

The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.

The opposition parties will meet President Pranab Mukherjee today to complain about the way the Taxation Laws (2nd Amendment) Bill was cleared by the Lok Sabha by voice vote and without discussion on Tuesday. They are also upset that the Speaker did not allow amendments moved by opposition lawmakers.

Several opposition members said the bill could not be discussed before the debate on demonetisation as the measure was a follow up of the note ban decision.

As the government gears up for a fresh push to get the long-pending GST law passed, Finance Minister Arun Jaitley on Saturday said the 'one nation, one tax' regime will reduce the taxation levels and also eliminate corruption.

As the government gears up for a fresh push to get the long-pending GST law passed, Finance Minister Arun Jaitley today said the 'one nation, one tax' regime will reduce the taxation levels and also eliminate corruption.

The government is planning to tighten tax laws in the coming Budget, according to finance ministry officials.

The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it

A bill that aims to end all retrospective taxation imposed on indirect transfer of Indian assets was passed by the Lok Sabha today amidst continuous protests by opposition over the alleged snooping through the Pegasus spyware and other issues.

Ms Sitharaman said several domestic and global firms have expressed interest in investment post announcement of the reduction in corporate tax rate.

The winter session of parliament will today consider some bills for discussion and passing. They include Taxation Laws (Amendment) Bill, 2019. Finance Minister Nirmala Sitharaman is scheduled to move that the bill further to amend the Income Tax Act, 1961, and to amend the Finance Act, 2019, be taken into consideration.

The Taxation Laws (Amendment) Bill, 2019 will replace the Taxation Laws (Amendment) Ordinance, 2019, promulgated on September 20, 2019.

The government will introduce two important Bills in the Lok Sabha on Monday -- the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.

The changes would ensure that indirect taxation-related matters would have greater simplicity, Finance Minister Nirmala Sitharaman said.

The Lok Sabha on Thursday passed a bill that will ensure continuance of levy of excise on petroleum products and abolition of cess on some other items following GST rollout from July 1. The Taxation Laws (Amendment) Bill, 2017 seeks to amend the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Finance Act, 2001 and...

Government is likely to notify this week the scheme giving tax dodgers another chance to come clean by paying 50 per cent of tax on junked currency deposited in banks post demonetisation.

The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.

The opposition parties will meet President Pranab Mukherjee today to complain about the way the Taxation Laws (2nd Amendment) Bill was cleared by the Lok Sabha by voice vote and without discussion on Tuesday. They are also upset that the Speaker did not allow amendments moved by opposition lawmakers.

Several opposition members said the bill could not be discussed before the debate on demonetisation as the measure was a follow up of the note ban decision.

As the government gears up for a fresh push to get the long-pending GST law passed, Finance Minister Arun Jaitley on Saturday said the 'one nation, one tax' regime will reduce the taxation levels and also eliminate corruption.

As the government gears up for a fresh push to get the long-pending GST law passed, Finance Minister Arun Jaitley today said the 'one nation, one tax' regime will reduce the taxation levels and also eliminate corruption.

The government is planning to tighten tax laws in the coming Budget, according to finance ministry officials.