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Lok Sabha passes bill to tax black money post-demonetisation

Arun Jaitley said the bill will give means to the govt to run schemes like Garib Kalyan Kosh

Press Trust of India  |  New Delhi 

Amidst din and without debate, Lok Sabha today passed within minutes a major bill that provides a window to legalise black money post-demonetisation and a tax on that amount, triggering a controversy with the Opposition calling it a "black day" and accusing it of being "undemocratic and dictatorial". Marking transaction of the first legislative business in the two-week-old Winter Session, the Taxation Laws (2nd Amendment) Bill, 2016, was passed by the Lok Sabha after days of total washout due to paralysis on the demonetisation issue. With the Opposition continuing ...

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