Connect with us

Breaking

Lok Sabha passes income tax amendment bill amid din

Published

on

New Delhi: Speaker Sumitra Mahajan in the Lok Sabha in New Delhi on Tuesday. PTI Photo / TV GRAB    (PTI11_29_2016_000129B)

New Delhi: The Lok Sabha on Tuesday passed by a voice vote a bill to amend the income tax laws to facilitate levy of 60 per cent tax on undisclosed income or investment or cash credit deposited in banks after the November 8 demonetisation.

The bill was passed even as the opposition members protested and raised slogans against the government.

Union Finance Minister Arun Jaitley, while moving the bill for consideration and passing, called it one of the steps by the Centre to curb black money.

“This is an attempt to get the (black) money into the mainstream,” he said.

Lok Sabha-1

However, the opposition members insisted the lower house first take up a debate on demonetisation under the rule pertaining to an adjournment motion, and the bill be taken up thereafter.

Trinamool Congress member Sudip Bandyopadhyay suggested that the debate and the bill can be clubbed, which Speaker Sumitra Mahajan said was not possible.

While the opposition protested, the Speaker put the bill to vote amid the din, and it was passed by a voice vote.

According to the Taxation Laws (Second Amendment) Bill, 2016, the declarant will have to pay a tax of 60 per cent and an additional surcharge of 25 per cent of the tax (i.e. 15 per cent of such income), resulting in a total tax component of 75 per cent.

Breaking

Bigg boss 13: Siddharth Shukla won, Asim first runnerup

Published

on

Continue Reading

Breaking

Delhi court convicts 19 persons in Bihar’s Muzaffarpur shelter home case

Published

on

New Delhi, 20 Jan : The Saket court in Delhi on Monday convicted 19 accused, including high-profile Brajesh Thakur, in connection with the alleged sexual and physical assaults on girl inmates at a shelter home in Bihar’s Muzaffarpur district.

Continue Reading

Breaking

Violence in JNU, masked goons attack students, teachers

Published

on

New Delhi, 5 Jan : Violence swept the Jawaharlal Nehru University on Sunday as several masked individuals, both male and female, thrashed students, including girls, and teachers inside the varsity campus with wooden and metal rods.

Shah takes stock of situation, orders probe

Union Home Minister Amit Shah on Sunday ordered the Delhi Police to take all necessary action to control the situation in the Jawaharlal Nehru University where widespread violence in the evening left many students, including girls, and teachers injured.

Priyanka Gandhi reaches AIIMS to meet injured JNU students

Congress General Secretary Priyanka Gandhi Vadra on Sunday reached All India Institute of Medical Sciences (AIIMS) to meet the students who were injured during the clash between the two groups inside the Jawaharlal Nehru University (JNU).

Fascists in control of our nation: Rahul

Congress leader Rahul Gandhi attacked the Central government over the violence that erupted in the Jawaharlal Nehru University (JNU) campus on Sunday.

Continue Reading

Trending Live

Advertisement

Latest Post

Big News

Advertisement

Sports

Advertisement

Entertainment

Trending