New Delhi (NVI): The union cabinet, chaired by Prime Minister Narendra Modi, today gave ex-post facto approval for the government amendments to the Finance Bill, 2021, enacted on March 28 as the Finance Act.
According to the government, the amendments were essential to clarify and rationalise the proposals further and address stakeholders concerns arising out of amendments proposed in the Finance Bill.
The government amendments to the Finance Bill, 2021 shall provide equity and inclusiveness to all the taxpayers by addressing stakeholders concerns arising out of amendments proposed in the Bill.
These 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.
–PRT
