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When is Effective date of the Finance Bill

Effective date of the Finance Bill

About Effective date of the Finance Bill

When is Effective date of the Finance Bill

The Union Budget not only contains the government's annual financial statement but also a road map for how the country's finances will be managed in the next financial year. As such, it is a piece of legislation that has to be vetted by Parliament. Usually, the Union Budget is presented a month or two before the end of the ongoing financial year and is effective from April 1 of the next financial year.
 
Rule 219 of the Rules of Procedure of the Lok Sabha states: ‘Finance Bill’ means the Bill ordinarily introduced in each year to give effect to the financial
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Latest Updates on Effective date of the Finance Bill

Know the Union Budget: What is a Finance Bill and why is it important?

Finance Bill, introduced each year to give effect to the financial proposals of the central government for the next financial year, includes a Bill for supplementary financial proposals for any period

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Updated On : 02 Jul 2019 | 11:45 AM IST

Opposition says govt trying to bulldoze Finance Bill without discussion

CPI(M) accused the government of engineering "scripted disruptions through its allies, both estranged and prospective"

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Updated On : 02 Jul 2019 | 11:45 AM IST

LS passes Finance Bill 2018; unlisted stocks to get indexation benefits

Finance Bill passed by Lok Sabha without debate; relief for start-ups, PPF holders

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Updated On : 02 Jul 2019 | 11:45 AM IST

Lok Sabha clears Finance Bill; FM says tax proposals aimed at helping poor

Goyal also took a swipe at the Congress, saying unlike the previous UPA dispensation, the Modi government in its interim Budget did not reduce levies on SUVs, which are used by the rich

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Updated On : 02 Jul 2019 | 11:44 AM IST

Rajya Sabha passes Interim Budget, Finance Bill 2019-20 without debate

Rajya Sabha Chairman M Venkaiah Naidu put the bills to vote, which were approved by voice vote and returned to the Lok Sabha

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Updated On : 02 Jul 2019 | 11:44 AM IST

News digest: MSMEs, Finance Bill 2018, E-way bill mess, and more

From MSMes to lead consolidation phase to US stocks tumbling 2%, BS brings you top stories to keep up with the latest news

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Updated On : 02 Jul 2019 | 11:01 AM IST

Finance Bill 2018: End of the road for MAT on foreign companies

According to the Finance Bill 2018, this amendment will apply in relation to the assessment year 2001-02 as well as subsequent assessment years

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Updated On : 02 Jul 2019 | 11:01 AM IST