Polic

Approval for changes in Finance Bill 2021

Our Burea New Delhi | Updated on April 20, 2021

Bill had been enacted as Finance Act 2021

The Union Cabinet on Tuesday gave ex-post facto approval for the Government amendments to the Finance Bill, 2021. The bill has already been enacted as Finance Act 2021.

“The amendments were essential to clarify and rationalise the proposals further and address stakeholders' concerns arising out of amendments proposed in the Finance Bill,” a statement issued by the Government said.

The amendments will provide equity and inclusiveness to all the taxpayers by addressing stakeholders' concerns arising out of amendments proposed in the Bill, it further said..

“The Government amendments to the Finance Bill, 2021 are tax proposals which shall generate timely revenue for the Government and streamline existing provisions by addressing grievances of the taxpayers,” the statement said.

Published on April 20, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.