You are here: Home » Economy & Policy ยป News
Rajya Sabha returns Finance Bill 2021, completing Par approval for Budget
icon-arrow-left
Duty revisions after Oct to come with sunset clause, says FM Sitharaman
Business Standard

Finance Bill has amendments to improve ease of doing business: Sitharaman

Sitharaman on Wednesday said that the Finance Bill,2021 has some amendments aimed at achieving a reduction in compliance and improving ease of doing business

Topics
Nirmala Sitharaman | Finance Bill

ANI  General News 



Nirmala Sitharaman
Nirmala Sitharaman (Photo: ANI)

Finance Minister on Wednesday said that the Finance Bill,2021 has some amendments aimed at achieving a reduction in compliance and improving ease of doing business.

Replying to debate on the Finance Bill, 2021 in Rajya Sabha, the Minister said it does not envisage any increase in taxation particularly in direct taxes and income tax.

"The Finance Bill, 2021 doesn't envisage any increase in taxation particularly in direct taxes and income tax. It has some amendments towards achieving a reduction in compliance aimed at ease of doing business. An approach is similar for customs and indirect taxes," she said.

The Lok Sabha had passed the Finance Bill, 2021 on Tuesday. The bill gives effect to the financial proposals of the central government for the financial year 2021-22.

The passage of the by Parliament marks the completion of the budgetary process.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, March 24 2021. 18:53 IST

RECOMMENDED FOR YOU

.